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After Yesterday's Decline of 2.56%, Skyworks Solutio Offers Investors Better Value

By Nick Russo

Skyworks Solutio (NASDAQ:SWKS) traded in a range yesterday that spanned from a low of $106.90 to a high of $109.36. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $107.01 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Skyworks Solutio share prices have moved between a 52-week high of $128.48 and a 52-week low of $66.29 and are now trading 58% above that low price at $105.05 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.4%.

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