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Skyworks Solutio Bullish Moving Average Crossover Alert (SWKS)

By David Diaz

Today, shares of Skyworks Solutio (NASDAQ:SWKS) have crossed bullishly above their 10-day moving average of $77.46 on a volume of 261K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Skyworks Solutio has traded in a range of $66.29 to $128.48 and is now at $80.00, 21% above that low. The 200-day and 50-day moving averages have moved 0.11% higher and 2.35% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Skyworks Solutio on January 27th, 2020 by issuing a Downtrend alert when the shares were trading at $117.35. Since that call, shares of Skyworks Solutio have fallen 36.1%. 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