From a technical point of view, Skyworks Solutions has recently broken to the upside out of a rising wedge pattern. Price appears to be looking for support on the upper trend line of the rising wedge. The RSI is holding a rising trend line and is currently above 50. If price can hold above key support at the $95.00 level then we will most likely see a continuation higher to retest $107.00 and possibly $115.00 in extension.
Source: GAIN Capital, TradingView
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