SWKS is Going Skyward- $50

SWKS             is on fire. Recent earnings revisions, and analyst upgrades has provided the catalyst for Skyworks to make its' next leg higher. May 29 marked its' highest 52 week close since the earnings release made in April. This cash rich company has an amazing Quick and Current ratio of 5.76 and 6.94 respectively, and no debt. Short term price target is set at 50.00, but with earnings coming out in July this stock can easily surpass my price target.
Great mark up of key levels. I would have bought on any rejection off the earnings release level, then added to my longs on the breakout (same day as you). It looks like we just had a low volume test of the high volume bar (June 3) so prices should continue higher! Nice stock pick!
Ape EliteTrader101
Thank You!
Stock has performed really well lately. Ideally, I would like to see it close above 47 this week for momentum to continue.
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