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Bullish Moving Average Cross by Maxim Integrated (MXIM)

By David Diaz

Today, shares of Maxim Integrated (NASDAQ:MXIM) have crossed bullishly above their 10-day moving average of $60.88 on a volume of 145K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Maxim Integrated have traded between a low of $33.38 and a high of $74.94 and are now at $61.05, which is 83% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Maxim Integrated. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Maxim Integrated in search of a potential trend change.

Keywords: moving crosses maxim integrated

Ticker(s): MXIM