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After Yesterday's Decline of 13.02%, Maxlinear Offers Investors Better Value

By Amy Schwartz

Maxlinear (NYSE:MXL) traded in a range yesterday that spanned from a low of $18.77 to a high of $21.11. Yesterday, the shares fell 13.0%, which took the trading range below the 3-day low of $21.77 on volume of 417,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Maxlinear share prices have moved between a 52-week high of $28.70 and a 52-week low of $14.87 and are now trading 29% above that low price at $19.14 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

Keywords: rebounders maxlinear

Ticker(s): MXL