Skyworks Solutions, Inc., together with its subsidiaries, provides
analog semiconductors worldwide. Its product portfolio includes
amplifiers, attenuators, battery chargers, circulators, DC/DC
converters, demodulators, detectors, diodes, directional couplers,
front-end modules, hybrids, infrastructure radio frequency subsystems,
isolators, LED drivers, mixers, modulators, optocouplers, optoisolators,
phase shifters, phase locked loops/synthesizers/VCOs, power
dividers/combiners, power management devices, receivers, switches,
voltage regulators, and technical ceramics. The company also offers MIS
silicon chip capacitors and transceivers. It provides products for
supporting automotive, broadband, cellular infrastructure, energy
management, GPS, industrial, medical, military, wireless networking,
smartphone, and tablet applications.
Take a look at the 1-year chart of SWKS (Nasdaq: SWKS) below with my added notations:
SWKS has been trending solidly higher since its bottom in late
October. Starting in April, the stock has commonly found support on the
increments of $5 (blue). For example, $35 acted as support in March.
Then, $40 was support in April and May. There was support at $45 in
June, and $50 in July. So, identifying this tendency should help when it
comes to identifying when to enter a trade on SKWS.
The Tale of the Tape: SWKS is currently trading
above the $55 level. A long position could be entered at $55 or on a
break above $60 with a stop placed below the level of entry. If SWKS
breaks below $55, another long play could be made at $50.
Please share this article
No comments:
Post a Comment