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Long

MaxLinear MXL Cup w/Handle Base

NYSE:MXL   MAXLINEAR INC
mxl
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mxl
MaxLinear (MXL) has been a strong performer. The stock is currently forming a second stage cup with handle base. Volume was strong up the right side of the cup and is now weakening in the handle. The stock also had a strong, reversing churning week, the week of February 12, 2016.

MaxLinear has guided and beat rising analyst estimates for two consecutive quarters. Sales and earnings have grown, and accelerated, by triple digits over the last two quarters, and are expected to continue to grow by triple digits over at least the next two quarters. NYSE:MXL
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