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Upgrade Alert for Skyworks Solutions (SWKS)

By Amy Schwartz

Skyworks Solutions (NASDAQ:SWKS) was upgraded from Market Perform to Buy at Charter Equity today. The stock closed yesterday at $76.59 on volume of 2.9 million shares, below average daily volume of 3.2 million.

In the past 52 weeks, shares of Skyworks Solutions have traded between a low of $54.50 and a high of $112.88 and closed yesterday at $76.59, which is 41% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.3%.

Skyworks Solutions has overhead space with shares priced $76.59, or 32.2% below the average consensus analyst price target of $112.90. The stock should hit resistance at its 200-day moving average (MA) of $77.63, as well as support at its 50-day MA of $72.99.

Skyworks Solutions, Inc., a wireless semiconductor company, designs and manufactures radio frequency and complete semiconductor system solutions for mobile communications applications. The Company provides front-end modules, radio frequency subsystems, and system solutions to wireless handset and infrastructure customers worldwide.

SmarTrend is tracking the current trend status for Skyworks Solutions and will alert subscribers who have SWKS in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades skyworks solutions

Ticker(s): SWKS