$MXL is a candidate for a new uptrend. there are good news coming for this company. watch for a breakout of $28.70
12 months Consensus Price Target: $26.5
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MXL is a small-cap semiconductor name that we've been tracking for a few months. Semiconductors have been one of the strongest performing industries over the past three months, putting up over 20% since the beginning of the year. This trade idea looks to take advantage of underlying strength in the industry.
The 120m chart of MXL shows a strong rally from the...
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....