Home Most Popular MaxLinear Inc Soars Above 200-Day Moving Average – A Bullish Signal for MXL Investors

MaxLinear Inc Soars Above 200-Day Moving Average – A Bullish Signal for MXL Investors

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MaxLinear Inc Soars Above 200-Day Moving Average – A Bullish Signal for MXL Investors

MaxLinear Inc (Symbol: MXL) experienced a significant breakthrough in trading on Thursday as its shares surged above the crucial 200-day moving average of $22.07, reaching as high as $24.99 per share. The company’s stock saw an impressive uptick of approximately 11.8% during the day. The visual representation below illustrates the one-year performance of MXL shares in relation to its 200-day moving average:

MaxLinear Inc 200 Day Moving Average Chart

Delving into MXL’s historical performance, the stock hit a low of $13.43 per share within the past 52 weeks, with a record high of $35.09 per share. This stands in sharp contrast to its latest trade value of $24.17 per share.

Curious about other stocks that have recently surpassed their 200-day moving averages? Click here to find out more.

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It’s important to note that the views and opinions shared in this piece are solely those of the author and do not necessarily align with those of Nasdaq, Inc.