WebRTC Solutions Industry News

TMCNet:  Upgrade Alert for Skyworks Solutions (SWKS)

[February 22, 2013]

Upgrade Alert for Skyworks Solutions (SWKS)

Feb 22, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Skyworks Solutions (NASDAQ:SWKS) was upgraded from Equal Weight to Overweight at Stephens today. The stock closed yesterday at $21.16 on volume of 20.3 million shares, above average daily volume of 4.3 million. 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.

There is potential upside of 43.3% for shares of Skyworks Solutions based on a current price of $21.16 and an average consensus analyst price target of $30.31. The stock should run into initial resistance at its 50-day moving average (MA) of $21.89 and subsequent resistance at its 200-day MA of $24.75.

Skyworks Solutions share prices have moved between a 52-week high of $31.44 and a 52-week low of $19.21 and closed yesterday at 10% above that low price at $21.16 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Skyworks Solutions and will alert subscribers who have SWKS in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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