Tuesday, January 29, 2008

Maxim Integrated Products, Inc.(MXIM) is in an downtrend

(25-Jan-2008) (25-Jan-2008) Maxim Integrated Products, Inc.(MXIM) closed at 18.6, down -0.67 or -3.48 % today. Based on our analysis, Maxim Integrated Products, Inc.(MXIM) is in an downtrend.

The closing price of Maxim Integrated Products, Inc.(MXIM) is below its 50 day moving average of 23.9 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Maxim Integrated Products, Inc.(MXIM) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 7-Jan-2008, about 16 trading days ago.

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