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

By David Diaz

Marvell Tech Grp (NASDAQ:MRVL) shares have crossed bearishly below their 10-day moving average of $24.72 on a volume of 1.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Marvell Tech Grp share prices have moved between a 52-week high of $27.88 and a 52-week low of $14.34 and are now trading 71% above that low price at $24.46 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

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