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After Yesterday's Rally of 1.48% Shares Could Potentially Pullback

By Nick Russo

Maxim Integrated Products (NASDAQ:MXIM) traded in a range yesterday that spanned from a low of $38.39 to a high of $39.13. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $38.87 on volume of 805,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Maxim Integrated Products share prices have moved between a 52-week high of $42.37 and a 52-week low of $20.62 and are now trading 89% above that low price at $39.06 per share. 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 is tracking the current trend status for Maxim Integrated Products and will alert subscribers who have MXIM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders maxim integrated products

Ticker(s): MXIM