Long Position on SWKS @ $106.00 on 2/21/2018 (Momentum)

Skyworks 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 "flag" following the company's earnings report. Higher share prices are expected for this stock. Note the 200-day moving average shown in brown acting as a support for the formation.  

52-Week Trading Range: $93.02 to $117.65

Entry Point: $106.00

Stop Loss: $100.70

Target Price: $116.60

Updates

4/16/2018 2:49:38 PM

SWKS closed at $98.00

Position closed on 4/16/2018 at price of $98.00 with a -7.55% loss in 54 days.

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