SWKS Forming Textbook Cup & Handle Pattern, Poised to Breakout

NASDAQ:SWKS   Skyworks Solutions, Inc.
Skyworks 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.

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