MaxLinear Inc (MXL) Shares are Up 4.32%

MaxLinear Inc (MXL) : Traders are bullish on MaxLinear Inc (MXL) as it has outperformed the S&P 500 by a wide margin of 2.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.15%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.32% in the last 1 week, and is up 1.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 5% and the 50-Day Moving Average is 3.4%.The 200 Day SMA reached 13.38%


MaxLinear Inc (NYSE:MXL): After opening at $19.91, the stock dipped to an intraday low of $19.9 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $20.415 and the buying power remained strong till the end. The stock closed at $20.27 for the day, a gain of 2.01% for the day session. The total traded volume was 977,182. The stocks close on the previous trading day was $20.27.

MaxLinear Inc (MXL) stock is expected to deviate a maximum of $3.03 from the average target price of $22.2 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $25 and the most muted being $18.

MaxLinear, Inc. is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The Company offers semiconductor products, such as RF Receivers, RF Receiver systems-on-chip (SoCs), Laser Modulator Drivers, Transimpedance Amplifiers, and Clock and Data Recovery Circuits. The Companys products receive and process RF and digital signals and enable the display of broadband video and data content in a range of electronic devices, including cable and terrestrial and satellite set top boxes, data over cable service interface specification (DOCSIS) data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units, and optical modules for data center, metro, and long-haul transport network applications.

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