mazer_rackham
Short

SWKS - future is unclear

NASDAQ:SWKS   SKYWORKS SOLUTIONS INC
Technically this doesn't look ready to buy, below the 50-day average and it's not out of the trend line yet, but it has shown some good relative strength the last 3 days on this attempted market rally. If it is to hold the current levels, it would need to consolidate sideways for about 6 more months and if it rallies out of it vertically, it will sell off and probably turn previous resistance into support, so there will be many more opportunities to buy it low. It might turn this into a double bottom , or it might form a reverse head and shoulders pattern, or it might just continue to slide.

I believe this stock is sufficiently undervalued, but until it breaks the trend, it's bearish .
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