Skyworks Solutions (SWKS) is potentially breaking out of an intermediate sideways base. Buying near some key support areas like this we have very easily seen stop loss areas just below - or we can choose recent lows i.e. $13-13.25 area if we want to give it more leeway. Adding a 1% exposure in the $14.20s - if the market takes off there should be no resistance until mid January highs in the mid $15s (9% higher). Peer TriQuint Semiconductor (TQNT) is also looking quite nice on the chart - waiting for that one to make new 2010 highs before adding. Technology seems to be an area of strength as I look through the charts - ironic, considering it was perhaps the worst sector in January 2010. How quickly HAL9000 changes his mind.
Long both names mentioned in fund; no personal position
Wednesday, February 17, 2010
Bookeeping: Adding to Skyworks Solutions (SWKS)
Posted by
Mark
at
1:12 PM
Bookeeping: Adding to Skyworks Solutions (SWKS)
2010-02-17T13:12:00-05:00
Mark
Skyworks Solutions|
| Edit This Post |
Create A New Post
Labels: Skyworks Solutions
Bookeeping: Adding to Skyworks Solutions (SWKS)
2010-02-17T13:12:00-05:00
Mark
Skyworks Solutions|
Subscribe
Archives By Date
Best Of FMMF
- Blogroll
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows