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22.9% Return Seen to Date on SmarTrend Maxlinear Call (MXL)

By Nick Russo

SmarTrend identified a Downtrend for Maxlinear (NYSE:MXL) on June 15th, 2017 at $28.05. In approximately 3 months, Maxlinear has returned 22.92% as of today's recent price of $21.62.

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 $21.62, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.6%.

MaxLinear, Inc. provides integrated, radio-frequency analog, and mixed-signal semiconductor solutions for broadband communications applications. The Company's products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, and netbooks.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Maxlinear.

Log in and add Maxlinear (MXL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights maxlinear

Ticker(s): MXL