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Marvell Technology Bullish Moving Average Crossover Alert (MRVL)

By James Quinn

Marvell Technology (NASDAQ:MRVL) shares have crossed bullishly above their 10-day moving average of $15.67 on a volume of 1.6 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Marvell Technology share prices have moved between a 52-week high of $16.86 and a 52-week low of $6.98 and are now trading 128% above that low price at $15.88 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.2%.

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

Keywords: moving crosses marvell technology

Ticker(s): MRVL