Skyworks Solutions shows relatively strong fundamentals and is coming back to attractive prices.

Sales are expected to rise by 34% between 2012 and 2015. With an EPS estimated at USD 1.46 for this year and USD 1.85 for the next year, Skyworks Solutions is currently paid 14.15 and 11.23 times the results (below the sector average).

In the short term, the last bearish movement is reversed upon contact with the USD 20.7 area. Skyworks Solutions should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards USD 22.6 and by extension towards USD 23.9.

Therefore, the proximity of the USD 20.7 support is an opportunity to take a long position in Skyworks Solutions. The first goal is a return in the USD 22.6 resistance area. In fact, the security has to cross this area in order to re-establish a bullish trend in the short term. A stop loss will be placed below the USD 19.8 level.