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Watch for Continued Gains in Shares of Skyworks Solutio (SWKS)

By Amy Schwartz

Shares of Skyworks Solutio (NASDAQ:SWKS) traded at a new 52-week high today of $95.86. This new high was reached on below average trading volume as 183,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

Skyworks Solutions, Inc. a wireless semiconductor company, designs and manufactures radio frequency and complete semiconductor system solutions for mobile communications applications. The Company provides front-end modules, radio frequency subsystems, and system solutions to wireless handset and infrastructure customers worldwide.

Skyworks Solutio share prices have moved between a 52-week high of $95.86 and a 52-week low of $60.12 and are now trading 59% above that low price at $95.80 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.4%.

Skyworks Solutio has overhead space with shares priced $95.80, or 16.1% below the average consensus analyst price target of $114.24. The stock should discover initial support at its 50-day moving average (MA) of $81.66 and subsequent support at its 200-day MA of $80.18.

SmarTrend is tracking the current trend status for Skyworks Solutio and will alert subscribers who have SWKS in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows skyworks solutio

Ticker(s): SWKS