Marvell @ Year Lows
Published on Monday, 24 September 2012 12:34 Written by TradersHuddle Wire
New York, September 24th (TradersHuddle.com) - Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) booked a new 52 week low by trading below $9.79. Traders are definitely monitoring Marvell's price action to see if this move attracts further selling, or if this last push down sets a tradable bottom in the stock.
Marvell Technology Group Ltd. (NASDAQ:MRVL) designs, develops, and markets integrated circuits for communications-related markets. The Company offers products that provide the interface between analog signals and the digital information used in computing and communications systems.
Marvell is currently trading -0.97% versus its previous trading session close, and it has calculated support and resistance at $9.98 and $10.54 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.
The overall market index S&P 500 is trading lower by -0.33% from its previous trading close, which means that Marvell stock is underperforming the overall market.
- Semis Outperfomed the S&P 500 :MU, MRVL, CRUS
- Is Marvell Breaking Out?
- Sector Wrap - Semis Lower: WFR, AMD, MRVL
- Close to the 50 Day Moving Average: Marvell
- Trading Idea: - Is Marvell close to Resistance?
- Semis Underperfomed the S&P 500 :AMD, VECO, RBCN
- Sector Wrap - Semis Flat: AMD, CREE, CRUS
- NASDAQ 100 Round Up - Higher: STX, EXPD, GILD
- Marvell Broke Resistance
- Advanced Micro Devices - Top Performer Semiconductor
Related Partner Headlines
- UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Marvell Technology Group Ltd. - Benzinga
- UPDATE: Stifel Nicolaus Cuts PT to $10 on Marvell Technology Group; Mobile Competition - Benzinga
- UPDATE: D.A. Davidson Reiterates Buy Rating, Lowers PT on Marvell Technology Group - Benzinga
- UPDATE: Stifel Nicolaus Lowers PT to $11 on Marvell Technology Group on Lower Estimates Ahead - Benzinga
- Benzinga Mid-Afternoon Market Update - Benzinga
- Marvell Technology Group Stock Hits New 52-Week Low (MRVL) - TheStreet.com
- UPDATE: Credit Suisse Downgrades Marvell Technology Group to Neutral on Pre-Announcement - Benzinga
- UPDATE: ACI Research Upgrades Marvell Technology Group to Hold on Windows 8 Transition - Benzinga
- Semiconductors Stocks, Including NXP, Making Big Moves on October 19, 2012 - Investopedia
- UPDATE: FBR Capital Markets Downgrades Marvell Technology Group to Market Perform on Risks - Benzinga
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Dow JonesCompany ID [INDEXDJX:.DJI] Last trade:15,354.40 Trade time:4:40PM EDT Value change:▲121.18 (0.80%)
S&P 500Company ID [INDEXSP:.INX] Last trade:1,667.47 Trade time:4:39PM EDT Value change:▲17.00 (1.03%)
NASDAQCompany ID [INDEXNASDAQ:.IXIC] Last trade:3,498.97 Trade time:5:15PM EDT Value change:▲33.73 (0.97%)
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