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Maxim Integrated Bearish Moving Average Crossover Alert (MXIM)

By James Quinn

Maxim Integrated (NASDAQ:MXIM) crossed under its 10-day moving average of $62.22 on a volume of 270K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Maxim Integrated has traded in a range of $33.38 to $74.94 and is now at $61.68, 85% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Maxim Integrated on June 1st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.58. Since that recommendation, shares of Maxim Integrated have risen 5.8%. We continue to monitor MXIM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses maxim integrated

Ticker(s): MXIM