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After Yesterday's Rally of 1.77% Shares Could Potentially Pullback

By Amy Schwartz

Skyworks Solutio (NASDAQ:SWKS) traded in a range yesterday that spanned from a low of $99.42 to a high of $100.33. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $100.11 on volume of 114,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Skyworks Solutio have traded between a low of $60.12 and a high of $102.87 and are now at $100.10, which is 67% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.2%.

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