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Maxim Integrated Crosses Above its 10-day MA (MXIM)

By Amy Schwartz

Today, shares of Maxim Integrated (NASDAQ:MXIM) have crossed bullishly above their 10-day moving average of $48.75 on a volume of 387K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Maxim Integrated share prices have been bracketed by a low of $41.93 and a high of $65.73 and are now at $51.29, 22% above that low price. The 200-day and 50-day moving averages have moved 0.38% lower and 2.45% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Maxim Integrated. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Maxim Integrated in search of a potential trend change.

Keywords: moving crosses maxim integrated

Ticker(s): MXIM