Pocket Pivot Review - MXL (PPR) and NVDA (BGU) update 5-17-16
Among stocks mentioned in recent reports, both Nvidia (NVDA) and Maxlinear (MXL) moved to highers highs. NVDA continued higher after posting a buyable gap-up on Friday, and has in fact moved to all-time high prices over the past two days, exceeding its prior all-time high of 39.67, achieved in October 2007. MXL broke out to all-time highs yesterday after posting a buyable gap-up last week. The stock has now cleared its old all-time high of 19.50 from March of 2010. MXL also underscores the idea of taking an opportunistic approach and looking to buy on weakness. We issued a report alerting members to a constructive pullback into the 50-day moving average following the initial BGU on Wednesday. The stock then successfully tested the 50-day line and broke out to all-time highs yesterday.
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