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Watch for Skyworks Solutio to Potentially Pullback After Gaining 4.96% Yesterday

By James Quinn

Skyworks Solutio (NASDAQ:SWKS) traded in a range yesterday that spanned from a low of $83.05 to a high of $85.49. Yesterday, the shares gained 5.0%, which took the trading range above the 3-day high of $81.71 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Skyworks Solutio has traded in a range of $60.12 to $94.39 and is now at $84.71, 41% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.5%.

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