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Bullish Moving Average Cross by Marvell Tech Grp (MRVL)

By Amy Schwartz

Today, shares of Marvell Tech Grp (NASDAQ:MRVL) have advanced above their 10-day MA of $19.58 on a volume of 1.5 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Marvell Tech Grp share prices have moved between a 52-week high of $25.18 and a 52-week low of $14.34 and are now trading 39% above that low price at $19.87 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.7%.

SmarTrend is monitoring the recent change of momentum in Marvell Tech Grp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Marvell Tech Grp in search of a potential trend change.

Keywords: moving crosses marvell tech grp

Ticker(s): MRVL