SWKS trending well but approaching $100SWKS has been trending well for about a year. There was a deep pullback in October 2014, which would have stopped most longer-term trend traders out of the position, but the trend soon resumed its prior linearity.
This stock could have first been traded when it broke the 2001 high, in April 2014 at around $40, as the uptrend was already well established. Then, after the October 2014 pullback, it could have been traded again. Although the 2000 high, of $78.25, was on the horizon there was still plenty of room for price to move. In fact, price passed this high with little fuss - the retest marginally breached $78.25 - although the pullback did take a few weeks to complete.
Now price is approaching the $100 figure (which can act as a psychological resistance) and the chances of becoming risk-free prior to this are dwindling. For near-term traders there is a good opportunity here, but for longer-term traders it may be safer to wait for $100 to be broken (and possibly also wait for the earnings announcement on 21st April).
