Long Position on MXL @ $12.15 on 9/25/2015 (Momentum)

Bullish Flag on MXLMaxLinear, Inc. (MXL) provides integrated, radio-frequency (RF) and mixed-signal circuits for broadband communication and data center, metro, and long-haul transport network applications worldwide.

The company offers RF receivers and RF receiver systems-on-chips to receive and demodulate broadband signals and physical medium devices that provide a constant current source, current-to-voltage regulation, and data alignment and retiming functionality in optical interconnect applications.

Its products enable the display of broadband video content in various electronic devices, such as cable and terrestrial and satellite set top boxes, DOCSIS data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units, and optical modules.

The company also offers laser modulator drivers, which delivers the current to the laser diode to operate for a particular application; Transimpedance amplifiers that provide current-to-voltage conversion, converting the low-level current of a sensor to a voltage; and clock and data recovery circuits, which generate a clock from an approximate frequency reference and then phase-aligns to the transitions in the data stream with a phase-locked loop. 

Shares have formed a bullish "flag" after the company reported its quarterly results and issued upside guidance for its 3rd quarter. HIgher share prices are expected for this stock.

 

52-Weeks Trading Range: $6.25 - $13.33

Entry Point: $12.15

Stop Loss: $11.50

Target Price: $13.37

Updates

10/19/2015 10:40:41 AM

MXL closed at $13.37.

Position closed on 10/19/2015 at price of $13.37 with a 10.04% gain in 24 days.

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