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Maxlinear Bullish Moving Average Crossover Alert (MXL)

By James Quinn

Today, shares of Maxlinear (NYSE:MXL) have advanced above their 10-day MA of $25.05 on a volume of 185K 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, Maxlinear share prices have been bracketed by a low of $14.87 and a high of $26.17 and are now at $25.50, 71% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 3.0%.

SmarTrend recommended that subscribers consider buying shares of Maxlinear on January 29th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.82. Since that recommendation, shares of Maxlinear have risen 31.7%. We continue to monitor MXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses maxlinear

Ticker(s): MXL