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Watch for Maxlinear to Potentially Rebound After Falling 4.92% Yesterday

By Nick Russo

Maxlinear (NYSE:MXL) traded in a range yesterday that spanned from a low of $26.60 to a high of $28.36. Yesterday, the shares fell 4.9%, which took the trading range below the 3-day low of $28.14 on volume of 638,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Maxlinear have traded between a low of $16.84 and a high of $32.47 and are now at $27.28, which is 62% above that low price. The 200-day and 50-day moving averages have moved 0.69% higher and 0.62% higher over the past week, respectively.

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.

Keywords: rebounders maxlinear

Ticker(s): MXL