Maxim Integrated Products shows relatively strong fundamentals and is coming back to attractive prices.

From a fundamental viewpoint, the company has a value in line with the industry as its "enterprise/value" ratios show. Nonetheless, recently, EPS estimates for the two coming years have been revised upward by analysts. This positive fact opens the way for a better evaluation of the security by investors and may stop the bearish trend of the stock.

Prices fell sharply since the beginning of the year and the trend is bearish in the short and medium term. However, prices are now back on the 100-week moving average, and the recent upward revision of EPS may help the stock to resume its bullish trend towards USD 29.4.

Thanks to the technical pattern and Maxim Integrated Products strong fundamentals, active investors can take a long position at the current price. The downside potential is limited and the timing seems perfect to benefit from a technical rebound. Goals will be fixed at USD 29.4 in a first time and then at USD 30.5. However, a bearish trend would regain the upper hand if the security crosses USD 26.9.