MXIM downgraded
Tuesday, August 28, 2007
Shares of Maxim closed down more than 5% to $29.39, after Banc of America downgraded the stock to Neutral from Buy, citing on uncertainty stemming from the potential delisting of its shares on the NASDAQ, which will pressure the stock in the near term. The brokerage also cuts its price target to $33 from $39. Looking at the daily chart, stock is trading a short downtrend with a possible share price objective of $28.73 after breakdown today support of $29.50. Indicators aren't favorable for Bulls, RSI value fell once again for Bearish Territory. Stock has now support at $28.70 and Resistance at $30.73.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
