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Maxlinear Bearish Moving Average Crossover Alert (MXL)

By Nick Russo

Maxlinear (NYSE:MXL) shares have crossed bearishly below their 10-day moving average of $28.09 on a volume of 374K 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.

Over the past year, Maxlinear has traded in a range of $16.84 to $32.47 and is now at $27.00, 60% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.7%.

SmarTrend is tracking the current trend status for Maxlinear and will alert subscribers who have MXL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses maxlinear

Ticker(s): MXL