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Marvell Tech Grp Crosses Above its 10-day MA (MRVL)

By Amy Schwartz

Today, shares of Marvell Tech Grp (NASDAQ:MRVL) have crossed bullishly above their 10-day moving average of $18.75 on a volume of 2.6 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 $9.05 and are now trading 109% above that low price at $18.87 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Marvell Tech Grp on August 15th, 2018 by issuing a Downtrend alert when the shares were trading at $20.17. Since that call, shares of Marvell Tech Grp have fallen 8.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses marvell tech grp

Ticker(s): MRVL