Chipmaker MaxLinear (MXL) popped onto the Sector Leaders list Thursday, just ahead of its fourth-quarter earnings report due out after Monday’s close.

The maker of communications and video display chips pre-announced its Q4 revenue Jan. 6. It projected revenue of $99 million, at the high end of its prior guidance. It put first-quarter revenue at between $99 million and $104 million, well above consensus views for $92 million.

The stock scorched up 16% on the news, riding volume 162% above its 50-day average. It was telling that the advance stopped at the stock’s 50-day moving average. MaxLinear had read more >>>

Source : Investors.com