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Skyworks Solutio Set to Possibly Rebound After Yesterday's Selloff of 2.56%

By Shiri Gupta

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.

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.

In the past 52 weeks, Skyworks Solutio share prices have been bracketed by a low of $66.29 and a high of $128.48 and are now at $105.05, 58% above that low price. 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%.

Keywords: rebounders skyworks solutio

Ticker(s): SWKS