SWKS - Cup with handle brakoutSWKS just broke out from a very large cup with handle, could reach cups bottom projected as target 50%
SWKS trade ideas
SWKS Forming Textbook Cup & Handle Pattern, Poised to BreakoutSkyworks Solutions (SWKS), one of the major chip makers for Apple (AAPL) products, is currently forming the end of a cup and handle pattern. The line in the sand is $112 - if we break former resistance and are above that level, we go long with a target of $146. If we are below $112, it's a "wait and see" approach. The risk for this trade is clearly defined, and the upside potential is huge.
#SWKS - long5 Things You Didn't Know About Skyworks Solutions, Inc.
Let’s examine five lesser-known facts about the Apple supplier.
Leo Sun (TMFSunLion) Jul 18, 2017 at 7:03AM
Skyworks Solutions (NASDAQ:SWKS) supplies power amplifiers, front-end modules, and RF chips to a wide range of industries, but it's best-known as an Apple (NASDAQ:AAPL) supplier. That's because orders from the iPhone maker accounted for 40% of its revenues last year.
Skyworks is also the chipmaker that nearly bought PMC-Sierra for $2 billion in late 2015, but was eventually outbid by Microsemi (NASDAQ:MSCC). It's frequently mentioned as a long-term play on the Internet of Things (IoT) market, since its chips provide connectivity to all sorts of devices.
A graphical representation of the Internet of Things.
SOURCE: GETTY.
But instead of focusing on those well-known facts about Skyworks, let's check out five lesser-known facts that might change your overall perception of the chipmaker.
1. It was formed via a merger
15 years ago, chipmaker Alpha Industries merged with Conexant Systems. Both companies produced RF chips, power amplifiers, and other communication chips for a wide range of industries. The new company was named Skyworks, which promoted itself as a "pure play" wireless integrated circuit company.
Alpha CEO David Aldrich became Skyworks' CEO and led the company until last year, when he was succeeded by Liam Griffin, a former executive at Dover and AT&T. Griffin also serves on the board of Vicor, which designs and manufactures modular power components and complete power systems.
2. It recently joined the Semiconductor Industry Association
Earlier this year, Skyworks joined the Semiconductor Industry Association (SIA), which represents the U.S. semiconductor industry in talks with the government and other industry stakeholders. Skyworks is now one of the 18 charter members of the group -- which also includes industry heavyweights like Intel, Qualcomm, and Texas Instruments.
SIA President and CEO John Neuffer noted that the addition of Skyworks demonstrates the "growing momentum for collaboration among key semiconductor leaders to shape public policies that impact our industry."
Neuffer noted that the goals of the association include "making the U.S tax system globally competitive, investing in university-based basic research, expanding access to global markets, and strengthening America's tech workforce."
3. It has a Sustainability Council
Skyworks has its own "Sustainability Council", a team that ensures that the company improves its labor, environment, health, safety, ethics, and management standards. Last year, the council reported that Skyworks saved 32 million kWh in electricity and 38 million gallons of water with new energy-efficient standards.
It also averted 10,000 tons of CO2 equivalent emissions, 404,000 pounds of hazardous waste, and 494,000 pounds of municipal waste to landfills with its policies. 100% of its supply chain was verified as "conflict-free" -- indicating that its materials weren't purchased from war-torn regions.
Over 98% of employees' workweeks remained below the 60-hour limit set by the company, and more than 99% of its employees were trained on Skyworks' business conduct and ethics requirements.
4. It might buy Microsemi
Over the past few months, several reports claimed that Skyworks could buy Microsemi, which topped Skyworks' own bid for PMC-Sierra. Last November, RBC Capital analyst Mitch Steves suggested that Skyworks could buy Microsemi for $70 per share -- a near-40% premium to its current price.
However, Steves notes that Skyworks may need to outbid other potential buyers, including Texas Instruments and Maxim Integrated Products. But if it successfully acquires Microsemi, Skyworks would gain clout against Apple (since Microsemi is another Apple supplier), while scaling up its chipmaking operations.
5. It starred in a music video
A semiconductor plant is probably a weird setting for a music video, but that did
SWKS - Double top formation short from $93.87 to $72.23 & lowerSWKS seems falling down from its all time high resistance in longer term, and in the short term it seems forming a flag formation. It also has huge insider selling recently. Overall it looks very interesting short opportunity.
* Trade Criteria *
Date First Found- June 29, 2017
Pattern/Why- Double top formation; Flag formation
Entry Target Criteria- Break of $93.87
Exit Target Criteria- 1st Target $72.23, 2nd Target $62.23
Stop Loss Criteria- $105.93
Special Note- We would consider November $92.50 & $75 puts, last traded for $6.70 & $1.75 consecutively
Please check back for Trade updates. (Note: Trade update is little delayed here.)
SWKS- Past Tells You Future!!Please look at chart, 2015 overbought at $110.00 dropped to $60.00 consolidation phase, then 2016 went back up to $110.00 now. If you think that price action has made a double top (look left on chart), then start selling PUT options down to $60.00. If you wait for confirmation and conservative, then both the BB indicator 20 ma (blue line) close on or below would be bearish signal and on bottom RVI (Relative Volatility Index) line break would work too.
In my option from all objective and technical data, will be doing short/selling put options with the stock of SWKS. *Do your own research for investing.
Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators. The company provides its products for automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet, and wearable applications. Skyworks Solutions, Inc. sells its products through direct sales force, electronic component distributors, and independent sales representatives. Company was founded in 1962 and is headquartered in Woburn, Massachusetts.
SWKSFor best view i recommend you to see Weekly chart. I think we are ready to go higher. Good stock with good prospects to growth. First target 112$ as you can see it on weekly chart
SWKS - beginning of a new trend Its been in this long triangle for a while now.. can this earning it finally pushes out into forming a new trend up. Likely!!!
Nice move off the 61.8 FibBig hourly candle over DTL. Over 77.44 and 50ma (daily) might get momo back
