• Return to Headlines

Skyworks Solutio Falls 4.58% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Skyworks Solutio (NASDAQ:SWKS) traded in a range yesterday that spanned from a low of $74.81 to a high of $75.22. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $76.07 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Skyworks Solutio has traded in a range of $60.12 to $104.20 and is now at $75.22, 25% above that low. The 200-day and 50-day moving averages have moved 0.32% lower and 0.3% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Skyworks Solutio. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Skyworks Solutio in search of a potential trend change.

Keywords: rebounders skyworks solutio

Ticker(s): SWKS