Long Position on MXL @ $17.10 on 4/25/2016 (Momentum)

Trading Channel 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 distribution and display of broadband video and data 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.

It sells its products to original equipment manufacturers, module makers, and original design manufacturers through direct sales force, third party sales representatives, and a network of distributors. 

Shares have are heading higher in an upward "trading channel."  Note that share just closed at their 50-day moving average (shown in green). Last week the company reaffirmed its results and guided higher on its gross profit margin. The company will report on May 9th.

 

52-Weeks Trading Range: $8.45 - $19.10

Entry Point: $17.10

Stop Loss: $16.20

Target Price: $18.85

Updates

5/6/2016 11:46:08 AM

MXL closed at $15.99

Position closed on 5/6/2016 at price of $15.99 with a -6.49% loss in 11 days.

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