Thursday, October 19, 2017 12:12:01 PM
This morning, leading semiconductor stock, Skyworks Solutions Inc (NASDAQ:SWKS), is declining lower by over 4.0 percent to $102.96 a share. It seems that this equity is declining in sympathy to negative news on Apple Inc (NASDAQ:AAPL). Today, there is a rumor that iPhone 8 sales are weak and all of the stocks that are part of the Apple ecosystem are falling lower in today's session. SWKS is now trading below its important 50 and 200-day moving averages. The next major daily chart support level for SWKS stock will be around the 200-day moving average which is at $99.87. Traders should note that SWKS is scheduled to report earnings on November 6, 2017.
Nicholas Santiago
InTheMoneyStocks
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