MXL is pulling back after yesterday's buyable gap-up and approaching its 50-day moving average which brings it into a low-risk buy position. The intraday low of yesterday's BGU price range is 17.36, not too much further below the 50-day line. One can then use the 50-day line at 17.55 as a reasonably tight stop, or the 17.36 BGU intraday low as a somewhat looser stop. We currently have a position in the stock.
Buyable Gap Up - Update on MXL
|Published:||11 May 2016 16:36 ET|
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