Chipmaker Skyworks Solutions hit a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 80 the day before. History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Skyworks Solutions stock can continue this trend.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
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Skyworks Solutions Stock Builds A Base
Skyworks Solutions is building a flat base with a 123.79 entry. See if the Irvine, Calif., based chipmaker can break out in volume at least 40% higher than normal.
Skyworks Solutions reported negative growth for both the top and bottom lines last quarter. Skyworks Solutions is expected to release its next quarterly numbers on or around May 2.
Skyworks Solutions stock earns the No. 15 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Microchip Technology and STMicroelectronics are also among the group's highest-rated stocks.
