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Maxim Integrated Bearish Moving Average Crossover Alert (MXIM)

By Amy Schwartz

Today, shares of Maxim Integrated (NASDAQ:MXIM) have crossed bearishly below their 10-day moving average of $56.38 on a volume of 509K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Maxim Integrated share prices have moved between a 52-week high of $74.94 and a 52-week low of $46.64 and are now trading 20% above that low price at $56.09 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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