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Maxlinear Bearish Moving Average Crossover Alert (MXL)

By Amy Schwartz

Maxlinear (NYSE:MXL) shares have crossed bearishly below their 10-day moving average of $17.00 on a volume of 153K 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.

In the past 52 weeks, shares of Maxlinear have traded between a low of $15.39 and a high of $28.36 and are now at $16.87, which is 10% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Maxlinear on May 9th, 2018 by issuing a Downtrend alert when the shares were trading at $18.59. Since that call, shares of Maxlinear have fallen 7.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses maxlinear

Ticker(s): MXL