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Marvell Technology Bullish Moving Average Crossover Alert (MRVL)

By Amy Schwartz

Today, shares of Marvell Technology (NASDAQ:MRVL) have advanced above their 10-day MA of $17.56 on a volume of 3.6 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.

In the past 52 weeks, Marvell Technology share prices have been bracketed by a low of $6.98 and a high of $18.18 and are now at $17.87, 156% 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 May 16th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.10. Since that recommendation, shares of Marvell Technology have risen 8.4%. 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