SWKS Spikes to Yearly Highs on Heavy Volume

Skyworks Solutions, Inc. (SWKS) is popping to session highs on a pick up in volume as ticker extends this morning’s gains to breakout above November 22, yearly highs of $24.88. Shares are seeing strong volume ; mid-way through the session the stock has already traded 3.7 million shares, compared to a daily average of around 4.2 million shares.

The 50-day moving average in the name is $21.92 and the 200-day is $17.89.  At last check, shares of SWKS were up $1.21 to $25.97, a gain of nearly 5%.

About Ron Haruni 1036 Articles
Ron is the Co-Founder & Editor in Chief of Wall Street Pit. Web Site: Wall Street Pit

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