During Friday's Mad Money program, Jim Cramer told viewers his opinion of some stocks reporting earnings this week. Cramer said he'll be listening to hear from Estee Lauder (EL) , Clorox (CLX) , Skyworks Solutions (SWKS) , and PayPal (PYPL) today. He expects good things from all four, but advised to wait to buy PayPal until Tuesday.
Let's check out Skyworks Solutions which is scheduled to announce Q4 earnings results after the market closes Monday. We last looked at SWKS on September 10 and wrote that, "I will remain positive/constructive on the long side of SWKS as long as prices continue to hold above $130."
In this daily bar chart of the semiconductor maker and supplier to Apple (AAPL) , below, we can see that prices have held above $130 but have not been able to make sustained gains. Prices are trading below the cresting 50-day moving average line and above the rising 200-day moving average line.
The On-Balance-Volume (OBV) line shows a good rise from March to August but not much more upward progress the past three months.
The Moving Average Convergence Divergence (MACD) oscillator shows a weakening pattern from June and now is just slightly above the zero line. Close to an outright sell signal.