This trend may have already begun, as shares of MXIM have moved by higher by 6.2% in just the past month. Plus, MXIM has earned itself a Zacks Rank #1 (Strong Buy), so there is plenty of reason to believe that the run for Maxim Integrated has plenty of life left.
More bullishness may especially be the case when investors consider what has been happening for MXIM on the earnings estimate revision front lately. No estimates have gone lower in the past two months, compared to 10 higher, while the consensus estimate has also moved higher too.
Moreover, on Jan 23, the company reported better-than-expected second quarter earnings per share.
So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future. Moreover, on Jan 13, the company provided strong preliminary fourth quarter results.
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