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SWKS Forming Textbook Cup & Handle Pattern, Poised to Breakout

Long
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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