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Maxim Integrated (MXIM) Upgrade Alert, Watch for 0.2% Technical Downtrend Reversal - 11/3/2009 8:42:42 AM

By Chip Brian, SmarTrend Analytics Team
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Maxim Integrated (NASDAQ:MXIM) upgraded to Overweight from Equal Weight at Morgan Stanley. The stock closed yesterday at $16.69 on volume of 13,866,326 shares, above average daily volume of 0.

Maxim Integrated Products is currently below its 50-day moving average of $18.38 and should find support at its 200-day moving average of $15.63.

SmarTrend is bearish on shares of MXIM and our subscribers received a Downtrend alert on November 02, 2009 at $16.73, which has returned 0.2% to date.

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