BUY! MARVELL TECHNOLOGY (MRVL) Nasdaq

  Report No. 1484    Analysis by: Harry Aloof     MARCH 22, 2002

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 3/21/02 at $41.12. Technicals: MACD Index (MACD): A Buy Alert! was given on Mar 4, 2002 when the solid line crossed the dotted line to the upside. Support: Remains at $38.75. Resistance: Is at $42.18. Point & Figure: Reversed to the upside on Mar 19, 2002. A P&F upside reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! MARVELL TECHNOLOGY (MRVL-Nasdaq) @ $41.38 Stop: Use a protective stop of $39.13. MARVELL TECHNOLOGY is currently trading @ $41.12 plus $2.03 on Mar 21, 2002. Price Objective: $57.00. Risk/Reward: $2.25 VS. $15.63. Today's Risk Reward Ratio: 7:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

View full size chart
Price Objective:
$57.00 Risk/Reward:
$2.25 VS. $15.63 Risk/Reward Ratio:
7:1
5 Most Recent Reports
  Posted on: Jul 29, 2021  Tesla Inc (TSLA-Nasdaq)
  Posted on: Jul 11, 2021  Peabody Energy (BTU-NYSE)
  Posted on: Jul 8, 2021  NCR Corp (NCR-NYSE)
  Posted on: Jul 8, 2021  Modine Manufacturing (MOD-NYSE)
  Posted on: Jun 24, 2021  Live Person (LPSN-Nasdaq)

View All Archives

Trailer
Website Design and Development by Webelancer.com