Skyworks Solutions (SKWS) has broken support around the mid-$70s area and looks vulnerable for a deeper decline to next support.
This chart, above, of SWKS is not bullish, unfortunately. Looking at the price action first, we can see that prices were holding the mid $70s for a number of weeks -- chartists call this support, or an area where traders are buying the stock. But after a number of attempts to break to the downside, the bears have gotten the upper hand on SWKS.
The 50-day and 200-day moving averages are pointed down. The On-Balance-Volume (OBV) line peaked in July and the Moving Average Convergence Divergence oscillator is bearish and below the zero line. Not good. The next support area for SWKS is the $60 area, but in a weak market environment we need to let the stock find its support and not dictate levels. Let's wait for the buyers to show up.