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MARVELL TECHNOLOGY
(MRVL-Nasdaq):
Technical Viewpoint: From a low
of $30.27 on May 7, 2002 prices
rallied, reaching a
high of $42.40
on May 15, 2002. A
decline saw prices pull back, reaching a
low of
$17.10 on Jul 3, 2002.
Another rally saw prices penetrate
resistance, closing 7/12/02
at $24.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 5, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $21.00. Resistance: Is at $27.80.
Point & Figure: Reversed to the upside on Jul 11, 2002. A P&F upside
reversal takes place at $19.50. Summary: Technical indicators have turned bullish. BUY! MARVELL TECHNOLOGY
(MRVL-Nasdaq) @ $24.63 Stop: Use a protective stop of $22.63.
MARVELL TECHNOLOGY is currently trading @ $24.00 plus $1.49 on Jul 12, 2002. Price Objective:
$36.00. Risk/Reward: $2.00 VS. $11.38. 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:
$36.00
Risk/Reward:
$2.00 VS. $11.38
Risk/Reward Ratio:
6:1
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