Wireless semiconductor company Skyworks Solutions (SWKS) reported an earnings beat Thursday evening and raised their quarterly dividend. Good news but the charts partially reflect this improvement. Let's check and see what we might expect going forward.
In this daily bar chart of SWKS, below, we can see a long decline to a low in mid-June and an early July retest of that low. Prices have improved in recent weeks and now trade above the rising 50-day moving average line. The still bearish 200-day moving average line intersects above the market in the $130 area.