Skyworks Going for a Birdie at Par

With earnings now out of the way for chip Skyworks as well as Apple (SWKS is a supplier), the stock may be poised to clear the big, round $100 level once and for all. 

And when you consider how resilient semiconductors are as a group today, with SMH green as I write this despite the AMD blow-up yesterday, it certainly merits consideration as to which chips could excel into a summer rally. 

Indeed, SWKS has withstood countless attempts by bears to bring it down, and it still may very well be a buyout target, to boot.

On the weekly chart, below, clearing this $100 area convincingly should open the door to a move at least to prior highs of $112.88, if not the $120 level. 

More on the pre-FOMC market in my usual Midday Video for Members.