• Return to Headlines

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

By Shiri Gupta

Today, shares of Marvell Tech Grp (NASDAQ:MRVL) have crossed bullishly above their 10-day moving average of $19.30 on a volume of 1.4 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.

Over the past year, Marvell Tech Grp has traded in a range of $16.40 to $28.85 and is now at $20.39, 24% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.8%.

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