Long Position on SWKS @ $36.70 on 3/17/2014 (Momentum)

Bullish  Cup & Handle on SWKSSkyworks Solutions (SWKS) 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. The company sells its products directly, as well as through independent manufacturers’ representatives and distribution partners. 

Shares have formed a bullish "cup & handle" after the company reported strong quarterly results and initiated a quarterly dividend of 11 cents per share. Higher share prices are expected for this stock.

52-Week Trading Range: $19.57 - $37.69

Entry Point: $36.70

Stop Loss: $34.85

Target Price: $40.35

Updates

3/31/2014 12:04:54 PM

We are locking profits on SWKS as we expect a sell-off in the next few days. Closed at $37.91.

Position closed on 3/31/2014 at price of $37.91 with a 3.30% gain in 14 days.

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