Tag Archives: mxl

3 Top Chipmakers Breach Key Levels, But One Is In Profit-Taking Zone

Loading the player… Chipmaker Mellanox Technologies ( MLNX ) is plunging in giant volume in the stock market today on the heels of disappointing guidance issued late Wednesday. Mellanox beat Q1 earnings and revenue expectations, but its Q2 revenue outlook widely missed expectations. Shares gapped below their 50-day moving average and neared the 200-day line in intraday trade, tumbling more than 12%. Let’s take a look at how some highly rated chip peers are doing: Cirrus Logic ( CRUS ), Inphi ( IPHI ), MaxLinear ( MXL ) and Silicon Motion Technology ( SIMO ). Apple ( AAPL ) supplier Cirrus Logic is falling 3.1% in quick turnover, dropping below its 50-day moving average. Shares are now trading 10% below their May high and a potential buy point from a long consolidation pattern. The drop comes ahead of Apple’s earnings report next Tuesday, where we’ll get a sense of the consumer tech giant’s iPhone production — which has an impact on its suppliers. Meanwhile, Apple shares fell 1.2% intraday. Inphi is dropping back below buy range from a cup base it initially broke out of about a month ago, losing 5.2%. Shares are still extended from a double-bottom entry but are now 10% below their April 1 high. MaxLinear is continuing its rebound today, rising 1.1%, after breaching its 50-day line in Tuesday’s session. On Wednesday, the company tightened its Q1 revenue guidance and raised its gross margin target. And Silicon Motion Tech hit another all-time high in above-average volume in intraday trade, paring its gains to a 0.6% rise by the afternoon. The stock is now in profit-taking zone, with a gain of more than 20% since breaking out of a long cup-with-handle base last month.

Facebook Passed 50-Day Test; Netflix, Illumina Broke 2 Support Areas

Facebook ( FB ) tested a key level Tuesday but came out stronger. But Netflix ( NFLX ) and Illumina ( ILMN ) crashed through support levels on weak Q1 figures. IBM ( IBM ) gets an incomplete. MaxLinear ( MXL ) triggered a sell rule as well as breaking a support level. Will trends reverse today? Facebook Facebook has been finding support at its 50-day moving average since April 11, when shares finished just below that key level. Since then the stock has closed above that support level. On Tuesday, Facebook shook off a morning dip to just above the 50-day to rally for a 1.7% gain at 112.29. On the upside, the next key level is a buy point at 117.09. Facebook rose 0.1% in afternoon trading on the stock market today . Facebook releases earnings next week, with analysts expecting a 48% EPS gain, the third straight quarter of accelerating growth. Netflix Netflix late Monday reported an unexpected rise in Q1 earnings per share. Subscriber growth also topped expectations. But the Web-streaming giant expects net global-customer growth of just 2.5 million in Q2, which would be the weakest quarterly gain in two years . It also guided Q2 earnings lower. Netflix stock dived 13% Tuesday, crashing through its 200-day and 50-day moving averages in one fell swoop. (Netflix retook its 200-day line just last week). Netflix rose 1.8% Wednesday afternoon, still below its 50-day line. Illumina Illumina late Monday gave Q1 preliminary revenue figures that were well below Wall Street estimates. The gene-sequencing tools giant sees Q1 sales up 6%, ending a 14-quarter string of double-digit growth. Illumina stock crashed 23.2% on Tuesday, back near two-year lows. Like Netflix, Illumina tumbled through its 200-day and 50-day lines. The stock on Monday topped its 200-day for the first time this year. Illumina rose 1% Wednesday afternoon. IBM IBM revenue and earnings did top Wall Street forecasts late Monday, though sales have fallen for 16 straight quarters. Also, IBM’s implied Q2 EPS guidance appeared to be below analyst estimates. IBM stock fell 5.6% on Tuesday, undercutting its 200-day line intraday but closing just above that area. But IBM could easily retest the 200-day line in the coming days, with the 50-day only slightly below that. IBM rose 1.% intraday. MaxLinear MaxLinear’s chip designs are used in video streaming. The stock cleared an entry point of 17.85 last month, rising to a 19.10 peak on April 4. But shares drifted lower since then. On Tuesday, the stock dived 10.2% to 15.86, triggering an 8% sell rule from that entry point and breaking through its 50-day moving average. It wasn’t immediately clear why the MaxLinear shares fell. On Wednesday, MaxLinear tightened its fiscal Q1 revenue guidance and raised its gross margin target. MaxLinear jumped 7.6% by the early afternoon,  retaking its 50-day line.

Facebook Passes 50-Day Test; Netflix, Illumina Break 2 Support Areas

Facebook ( FB ) tested a key level Tuesday but came out stronger. But Netflix ( NFLX ) and Illumina ( ILMN ) crashed through support levels on weak Q1 figures. IBM ( IBM ) gets an incomplete. MaxLinear ( MXL ) triggered a sell rule as well as breaking a support level. Facebook Facebook has been finding support at its 50-day moving average since April 11, when shares finished just below that key level. Since then the stock has closed above that support level. On Tuesday, Facebook shook off a morning dip to just above the 50-day to rally for a 1.7% gain at 112.29. On the upside, the next key level is a buy point at 117.09. Facebook fell 0.1% shortly after Wednesday’s open on the stock market today, but is comfortably above its 50-day line for now. Facebook releases earnings next week, with analysts expecting a 48% EPS gain, the third straight quarter of accelerating growth. Netflix Netflix late Monday reported an unexpected rise in Q1 earnings per share. Subscriber growth also topped expectations. But the Web-streaming giant expects net global-customer growth of just 2.5 million in Q2, which would be the weakest quarterly gain in two years . It also guided Q2 earnings lower. Netflix stock dived 13% Tuesday, crashing through its 200-day and 50-day moving averages in one fell swoop. (Netflix retook its 200-day line just last week). Netflix rose 1.6% Wednesday morning, but is still significantly below its 50-day line. How do Netflix and IBM stack up vs. their rivals? Find out at IBD Stock Checkup Illumina Illumina late Monday gave Q1 preliminary revenue figures that were well below Wall Street estimates. The gene-sequencing tools giant sees Q1 sales up 6%, ending a 14-quarter string of double-digit growth. Illumina stock crashed 23.2% on Tuesday, back near two-year lows. Like Netflix, Illumina tumbled through its 200-day and 50-day lines. The stock on Monday topped its 200-day for the first time this year. Illumina rose 1% Wednesday morning. IBM IBM revenue and earnings did top Wall Street forecasts late Monday, though sales have fallen for 16 straight quarters. Also, IBM’s implied Q2 EPS guidance appeared to be below analyst estimates. IBM stock fell 5.6% on Tuesday, undercutting its 200-day line intraday but closing just above that area. But IBM could easily retest the 200-day line in the coming days, with the 50-day only slightly below that. IBM rose 0.5% Wednesday morning, but is not far above its 200-day. MaxLinear MaxLinear’s chip designs are used in video streaming. The stock cleared an entry point of 17.85 last month, rising to a 19.10 peak on April 4. But shares drifted lower since then. On Tuesday, the stock dived 10.2% to 15.86, triggering an 8% sell rule from that entry point and breaking through its 50-day moving average. It wasn’t immediately clear why the MaxLinear shares fell. On Wednesday, MaxLinear tightened its fiscal Q4 revenue guidance and raised its gross margin target. MaxLinear jumped 5.9% in early Wednesday trading, pennies within its 50-day line again.