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Possible Trend Reversal, Maxim Integrated Products Down on Heavy Volume (MXIM)

By Shiri Gupta

The price of Maxim Integrated Products shares has slipped to $43.96 (a 3.3% change) on heavy trading volume. About 2.6 million shares have been traded today, as compared to the 30-day average volume of 2.0 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Maxim Integrated Products on January 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.74. Since that recommendation, shares of Maxim Integrated Products have risen 11.5%. We continue to monitor MXIM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Maxim Integrated Products share prices have moved between a 52-week high of $46.22 and a 52-week low of $20.62 and are now trading 113% above that low price at $43.92 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

Keywords: unusual volume maxim integrated products

Ticker(s): MXIM