Skyworks Solutions should rise toward news highs in the coming sessions.

The company shows strong fundamentals with interesting growth and margins perspectives. Firstly, the high valuation of the group shows a great investors confidence in it because there are willing to pay a higher price for the stock. Moreover, the consensus revised upward both sales and EPS estimates for this year and let see a great potential for the security on the stock market.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In fact, the security recently crossed a resistance level giving a strong bullish signal. The stock should test news high levels in the coming sessions.

In consequence, investors can take a long position in Skyworks Solutions with a target price at USD 60. However, a stop loss will be set under the entry points in case of failure of the bullish overflow.