Maxim Integrated Products Crosses Above its 10-day MA (MXIM)
Maxim Integrated Products (NASDAQ:MXIM) crossed over its 10-day moving average of $40.76 on a volume of 933K 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 Products have traded between a low of $20.62 and a high of $42.37 and are now at $40.98, which is 99% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.
SmarTrend recommended that subscribers consider buying shares of Maxim Integrated Products on July 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.81. Since that recommendation, shares of Maxim Integrated Products have risen 7.3%. 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 products