• Return to Headlines

Watch for Maxim Integrated to Potentially Rebound After Falling 1.93% Yesterday

By James Quinn

Maxim Integrated (NASDAQ:MXIM) traded in a range yesterday that spanned from a low of $53.41 to a high of $54.32. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $53.50 on volume of 593,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Maxim Integrated on November 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.77. Since that recommendation, shares of Maxim Integrated have risen 3.3%. We continue to monitor MXIM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Maxim Integrated share prices have been bracketed by a low of $33.38 and a high of $74.94 and are now at $53.43, 60% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.4%.

Keywords: rebounders maxim integrated

Ticker(s): MXIM