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Marvell Technology Bullish Moving Average Crossover Alert (MRVL)

By Nick Russo

Today, shares of Marvell Technology (NASDAQ:MRVL) have advanced above their 10-day MA of $10.07 on a volume of 9.5 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.

In the past 52 weeks, shares of Marvell Technology have traded between a low of $6.98 and a high of $16.86 and are now at $10.88, which is 56% above that low price. The 200-day and 50-day moving averages have moved 0.64% lower and 0.24% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Marvell Technology on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.49. Since that recommendation, shares of Marvell Technology have risen 3.8%. We continue to monitor MRVL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses marvell technology

Ticker(s): MRVL