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After Yesterday's Rally of 1.30% Shares Could Potentially Pullback

By Amy Schwartz

Skyworks Solutio (NASDAQ:SWKS) traded in a range yesterday that spanned from a low of $101.48 to a high of $103.16. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $102.29 on volume of 633,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Skyworks Solutio share prices have moved between a 52-week high of $112.11 and a 52-week low of $57.11 and are now trading 80% above that low price at $103.04 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.3%.

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: rebounders skyworks solutio

Ticker(s): SWKS