| 2017-04-20 12:32:28|
MXIM 12:32 04/20 04/20/17
Maxim Integrated technical notes ahead of earnings
The stock has been trading in a range of $43 to $46 since January. Price is currently closer to the high of the range at $46. If the news is bullish, there could be a technical bullish breakout. Next resistance above the 52-week high at $46.22 is at $48.01. Additional resistance levels to watch as potential upside objectives would be at $49.58, $51, and $52.51. If the news is a negative surprise, the low of the range at $43 would be first support of note. A breakdown through that low would be a technical negative for future price. Next support below the range low would be at $41.03. Additional support levels to watch as potential downside objectives would be at $40 and $38.70.