Skyworks Solutions Follows Apple Lower

Loading...
Loading...
Skyworks Solutions IncSWKS
shares are trading lower by $4.41 at $78.18 in Monday's session. The company, which is rumored to get as much as a third of its total sales from
Apple Inc.AAPL
, is following Apple lower ahead of its Q4 earning report on Tuesday. Its opening print ($81) marked the high for the session and it traded down to $77.28 before rebounding back to the $78 area. If the decline continues through the intra-day low, there may be additional support at its October 20 low ($76.74).
Joel Elconin is the co-host of Benzinga39;s #PreMarket Prep, a daily trading idea radio show.
Market News and Data brought to you by Benzinga APIs
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...