In our last technical review of Skyworks Solutions ( SWKS) back on November 18, we wrote that "I don't think SWKS is entirely out of the woods yet, so I would defer purchases for the time being. Another look could be worthwhile in a few weeks perhaps."
On Tuesday evening SWKS reported their latest quarterly numbers. They told investors that they had inline EPS numbers and a slight beat on revenue. 
Let's check out the charts of this company that manufactures proprietary semiconductor products.
In this daily bar chart of SWKS, below, we can see that prices have been in a downtrend since July. Prices trade below the declining 50-day moving average line and below the declining 200-day line. The On-Balance-Volume (OBV) line has moved lower since July and confirmed the downward move of prices.
Sellers of SWKS are more aggressive than buyers. The 12-day price momentum study does not really show us a bullish divergence.
In this weekly candlestick chart of SWKS, below, we see a bearish picture. Prices are in a longer-term downward trend as prices remain below the declining 40-week moving average line. There is no bottom reversal pattern and no lower shadows.
The MACD oscillator and the OBV line are bearish.
In this daily Point and Figure chart of SWKS, below, we can see a nearby price target of $99.
In this weekly Point and Figure chart of SWKS, below, we can see a $67 price target.
Bottom line strategy: The downtrends on SWKS remain and continue. Prices could bounce with movement in the broad market averages but that does not make a bottom. Continue to avoid the long side of SWKS.
