Chart of the Day - Mellanox Technologies (MLNX)

The "Chart of the Day" is Mellanox Technologies (MLNX), which showed up on Tuesday's Barchart "All-Time High" list. Mellanox on Tuesday posted a new all-time high of $75.09 and closed up 3.73%. TrendSpotter has been long since May 29 at $60.14. In recent news on the stock, Maxim on June 25 reiterated its Buy rating on Mellanox and raised its target to $80 from $65 due to various new product prospects. Wunderlich on June 20 reiterated its Buy target and raised its target to $85 from $65. Mellanox Technologies, with a market cap of $2.8 billion, a leading supplier of semiconductor-based, interconnect products to world-class server, storage, and infrastructure OEMs servicing Fortune 500 data centers, the world's most powerful supercomputers, and mission critical embedded applications.