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MARVELL TECHNOLOGY
(MRVL-Nasdaq):
Technical Viewpoint: From a low
of $29.85 on Feb 28, 2002 prices
rallied, reaching a
high of $41.57
on Mar 8, 2002. A
decline saw prices pull back, reaching a
low of
$37.81 on Mar 15, 2002.
Another rally saw prices penetrate
resistance, closing 3/19/02
at $40.73. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 8, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $39.50. Resistance: Is at $42.18.
Point & Figure: Reversed to the upside on Mar 19, 2002. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! MARVELL TECHNOLOGY
(MRVL-Nasdaq) @ $41.63 Stop: Use a protective stop of $39.13.
MARVELL TECHNOLOGY is currently trading @ $40.73 plus $1.18 on Mar 19, 2002. Price Objective:
$57.00. Risk/Reward: $2.50 VS. $15.38. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$57.00
Risk/Reward:
$2.50 VS. $15.38
Risk/Reward Ratio:
6:1
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