Long Position on SWKS @ $95.01 on 4/22/2015 (Momentum)

Skyworks Solutions, Inc. (SWKS) designs, develops, manufactures, and markets analog and mixed signal semiconductors worldwide.

Its product portfolio includes amplifiers, attenuators, battery chargers, circulators, DC/DC converters, demodulators, detectors, diodes, directional couplers, filters, 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, technical ceramics, and voltage regulators.

The company also offers MIS silicon chip capacitors and transceivers. It provides its products for supporting automotive, broadband, wireless infrastructure, energy management, GPS, industrial, medical, military, 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" and higher share prices are expected for this stock.

52-Weeks Trading Range: $36.87 - $102.77

Entry Point: $95.01

Stop Loss: $90.25

Target Price: $104.50

Updates

5/19/2015 9:43:56 AM

SWKS reached our target price. Closed at $105.62.

Position closed on 5/19/2015 at price of $105.75 with a 11.30% gain in 27 days.

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