BUY! MARVELL TECHNOLOGY (MRVL) Nasdaq

  Report No. 1389    Analysis by: Harry Aloof     NOVEMBER 1, 2001

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

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

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Price Objective:
$37.00 Risk/Reward:
$2.00 VS. $11.88 Risk/Reward Ratio:
6:1
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