MARVEL TECHNOLOGY GROUP
(MRVL-Nasdaq):
Technical Viewpoint: From a low
of $29.09 on Nov 29, 2002 prices
rallied, reaching a
high of $39.19
on Dec 12, 2002. A
decline saw prices pull back, reaching a
low of
$33.10 on Dec 13, 2002.
Another rally saw prices penetrate
resistance, closing 1/3/02
at $39.77. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jan 3, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $35.00. Resistance: Is at $39.00.
Point & Figure: Reversed to the upside on Jan 2, 2002. A P&F upside
reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! MARVEL TECHNOLOGY GROUP
(MRVL-Nasdaq) @ $40.13 Stop: Use a protective stop of $37.63.
MARVEL TECHNOLOGY GROUP is currently trading @ $39.77 plus $3.07 on Jan 3, 2002. Price Objective:
$55.00. Risk/Reward: $2.50 VS. $14.88. Today's Risk Reward Ratio: 6:1
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