NEW YORK (TheStreet) -- Shares of Skyworks Solutions (SWKS) - Get Report are up by 1.38% to $83.85 in early afternoon trading on Tuesday. Skyworks Solutions stock is the subject of today's Trifecta Stocks "Chart of the Day" analysis.
Analysts at B. Riley believe that the company has increased its share of the materials used in the latest iteration of the popular phone.
"We have followed up with SWKS and believe there is higher content yy in the iPhone 6S and Plus. Lastly, we believe SWKS retains WLAN PA parts in both devices channel count goes from one to two, doubling content. So, it appears incremental content yy is the diversity receive module in the Plus, a 2x rise in WLAN PA content, and increased filtering/switching in the "PA Module," analysts wrote.
It seems 2015 is a tale of two markets. For instance, the first half saw strength in names like Skyworks Solutions , rising to all-time highs in June well over $110 a share. But since then, there has been a steady decline on strong volume. Rallies have been sold viciously at every chance the sellers get.
The channel is well defined here, and there's quite a bit of room down to the low end of $75. Turnover has been strong this month as the stock tries to find its footing. The Moving Average Convergence Divergence is now on a sell signal and will be confirmed today. We could see a rally off the low end of the channel, but if that doesn't hold, then more downside and a test of the August lows would be next.
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