MXL: Buy The Dip?Recent earnings didn't seem to please the investors and price fell over 14% to the 61% fibonacci retracement area. Areas marked to look out for. Analyst target at $25.
Mxl
Maxlinear $MXL$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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Long MXLmxl is showing a classic cup and handle pattern breakout and pull back. also showing a show trend in the weekly chart.
MaxLinear MXL Cup w/Handle BaseMaxLinear (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
