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Bearish Moving Average Cross by Skyworks Solutio (SWKS)

By Amy Schwartz

Skyworks Solutio (NASDAQ:SWKS) shares have crossed bearishly below their 10-day moving average of $76.66 on a volume of 302K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Skyworks Solutio share prices have been bracketed by a low of $60.12 and a high of $94.39 and are now at $75.32, 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Skyworks Solutio on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $80.40. Since that call, shares of Skyworks Solutio have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses skyworks solutio

Ticker(s): SWKS