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Look for Shares of Skyworks Solutio to Potentially Pullback after Yesterday's 1.67% Rise

By David Diaz

Skyworks Solutio (NASDAQ:SWKS) traded in a range yesterday that spanned from a low of $91.39 to a high of $91.79. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $90.69 on volume of 428,000 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 $104.20 and a 52-week low of $60.12 and are now trading 53% above that low price at $91.79 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

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