• Return to Headlines

After Yesterday's Decline of 3.37%, Marvell Tech Grp Offers Investors Better Value

By James Quinn

Marvell Tech Grp (NASDAQ:MRVL) traded in a range yesterday that spanned from a low of $20.89 to a high of $21.34. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $21.67 on volume of 3.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Marvell Tech Grp and will alert subscribers who have MRVL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Marvell Tech Grp share prices have been bracketed by a low of $9.05 and a high of $25.18 and are now at $20.92, 131% above that low price. The 200-day and 50-day moving averages have moved 0.32% higher and 0.05% lower over the past week, respectively.

Keywords: rebounders marvell tech grp

Ticker(s): MRVL