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Maxlinear Has Returned 47.2% Since SmarTrend Recommendation (MXL)

By Nick Russo

SmarTrend identified a Downtrend for Maxlinear (NYSE:MXL) on February 4th, 2020 at $19.38. In approximately 2 months, Maxlinear has returned 47.20% as of today's recent price of $10.23.

Over the past year, Maxlinear has traded in a range of $7.79 to $28.70 and is now at $10.23, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.8% while the 200-day MA has slid 0.9%.

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