Above Resistance - Marvell | Trading Ideas

Hewlett Packard (HPQ)

Dell (DELL)

Facebook (FB)

Apple (AAPL)

Goldman Sachs (GS)

Fred's First Quarter 2012 EPS Increase 17%

Newell Rubbermaid to Reaffirm Fiscal Year 2012 Outlook

Best ETFs For Facebook Exposure

McDonald's Announces Quarterly Cash Dividend

Is KB HOME Closing in to Resistance?

Above Resistance - Marvell

Published on Wednesday, 25 January 2012 07:44 Written by Christian Paolinetti

New York, January 25th (TradersHuddle.com) - Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) closed the trading session at $15.75 just above calculated resistance at $15.63 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

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's stock was trading in a well defined range with support at $14.37 and resistance at $15.63, given that this range was broken traders will be closely monitoring the stock

Marvell Has The Value, But What About Market Positioning? - Investopedia
UPDATE: Citigroup Cuts PT to $18 on Marvell Technology Group; Lower Market Multiples - Benzinga
Benzinga's Top Pre-Market Gainers - Benzinga
Marvell Technology Announces Initiation of a Quarterly Dividend; increases Share Repurchase Authorization by $500M to a total of $2.5B - Benzinga
Marvell Technology Group Ltd. Stock Downgraded (MRVL) - TheStreet.com
Marvell Technology Group Ltd. (MRVL): Today's Featured Technology Winner - TheStreet.com
Marvell Technology Group Ltd. (MRVL): Today's Featured Electronics Loser - TheStreet.com
UPDATE: Deutsche Bank Raises PT to $20 on Marvell Technology - Benzinga
UPDATE: Citigroup Raises PT to $19 on Marvell Technology Group - Benzinga
The Benchmark Company Downgrades Marvell Technology Group from Buy to Hold - Benzinga

You could minimize risk by trading in stock sectors rather than individual stocks. Find out why ETFs are the hottest investment vehicle on the planet. Try ETF Profits for FREE NOW!