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Marvell Tech Grp Bearish Moving Average Crossover Alert (MRVL)

By Shiri Gupta

Marvell Tech Grp (NASDAQ:MRVL) crossed under its 10-day moving average of $24.28 on a volume of 634K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Marvell Tech Grp have traded between a low of $14.34 and a high of $27.88 and are now at $24.16, which is 68% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Marvell Tech Grp and will alert subscribers who have MRVL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses marvell tech grp

Ticker(s): MRVL