MARVELL TECHNOLOGY
(MRVL-Nasdaq):
Technical Viewpoint: From a low
of $20.19 on Oct 19, 2001 prices
rallied, reaching a
high of $25.45
on Oct 25, 2001. A
decline saw prices pull back, reaching a
low of
$22.03 on Oct 30, 2001.
Another rally saw prices penetrate
resistance, closing 10/31/01
at $24.34. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 14, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $22.75. Resistance: Is at $25.45.
Point & Figure: Reversed to the upside on Oct 31, 2001. A P&F upside
reversal takes place at $22.50. Summary: Technical indicators have turned bullish. BUY! MARVELL TECHNOLOGY
(MRVL-Nasdaq) @ $25.13 Stop: Use a protective stop of $23.13.
MARVELL TECHNOLOGY is currently trading @ $24.34 plus $1.13 on Oct 31, 2001. Price Objective:
$37.00. Risk/Reward: $2.00 VS. $11.88. 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:
$37.00
Risk/Reward:
$2.00 VS. $11.88
Risk/Reward Ratio:
6:1
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