In a welcome move, Skyworks Solutions stock saw its Relative Strength Rating rise from 70 to 75 on Wednesday.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to the rest of the market.
History shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they begin their largest climbs. See if Skyworks Solutions can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Is Skyworks Solutions Stock A Buy?
While Skyworks Solutions stock is not near an ideal entry right now, see if it goes on to form and break out of a proper chart pattern. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips."
Although earnings and sales growth came in at -23% and -9%, respectively, in the latest report, that marked three straight quarters of acceleration for EPS and two for revenue. Skyworks Solutions is expected to report its next quarterly numbers on or around Jul. 30.
Skyworks Solutions stock holds the No. 8 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR, Qorvo and NXP Semiconductors are among the top 5 highly rated stocks within the group. For more industry news, check out "
