In his "No-Huddle Offense" segment of Mad Money Wednesday night, Jim Cramer said that with China coming back online, there are lots of opportunities being created. He was bullish on Skyworks Solutions (SWKS) and a few other names.
In this daily bar chart of SWKS, below, we can see how quickly prices gave back all their gains from the May/June lows. Prices are now moving up in the right direction. We can see a March low and rebound followed by a pullback and then rally to a new high.
Prices are crossing above the rising 200-day moving average line and getting within "striking distance" of the declining 50-day moving average line. The On-Balance-Volume (OBV) line bottomed in March and is starting to move higher telling us that buyers of SWKS have become more aggressive.