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Stock Investors Bid Up Shares of Skyworks Solutions, Up 2.0%

Published on Thu, 02/14/2013 - 13:17
By Robert Cotter

One of today's notable stocks on the rise is Skyworks Solutions (NASDAQ:SWKS), up 2.0% to $24.80. The Dow is trading fractionally lower to 13,967 and the S&P is currently trading fractionally higher to 1,520.

Skyworks Solutions has overhead space with shares priced $24.80, or 19.3% below the average consensus analyst price target of $30.71. The stock should find resistance at its 200-day moving average (MA) of $24.83, as well as support at its 50-day MA of $21.83.

Skyworks Solutions, Inc., a wireless semiconductor company, designs and manufactures radio frequency and complete semiconductor system solutions for mobile communications applications. The Company provides front-end modules, radio frequency subsystems, and system solutions to wireless handset and infrastructure customers worldwide.

In the past 52 weeks, Skyworks Solutions share prices have been bracketed by a low of $19.21 and a high of $31.44 and are now at $24.80, 29% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

By Robert Cotter
rcotter@fnno.com