2024-01-25 16:06:19 ET
Summary
- MXL has put together an impressive rally in the last three months, but there are several reasons why the stock could be heading lower.
- The ongoing downturn has been more severe than anticipated, which has forced MXL to go back on previous statements.
- Charts are not infallible, but there are several things worth mentioning that could provide clues as to what will happen next.
- MXL is likely to recover further down the road, but a recovery is not likely to come soon enough to warrant taking on risk.
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For further details see:
MaxLinear: The Slide May Not Yet Be Over