Skyworks Solutions, Inc. : Running out of steam as opportunity
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$94.51 | US$1 | US$92 | -98.94% |
The firm enjoys an excellent Surperformance rating which underlines its profitability, good finances and the optimism of analysts. There is a very strong buyer consensus whose average target is set 19% above the current prices. EBITDA and net income should have two digits growth rates in 2015.
The share keeps a very bullish trend in the long and in the mid-term. Over the last weeks the stock has been going through a consolidation phase. Lately a rebound started upon contact with a relevant support. Moving averages are well oriented and the 20-week one should keep the security in its bullish run.
Consequently, active investors can buy the share in the current price area and target a return toward USD 104.9 resistance and the USD 110.9 one by extension. A stop loss can be placed under the USD 92.25 support.