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Tuesday, October 31, 2006 

Keep MRVL stock in your radar....

Chart courtesy of stockcharts

Shares of MRVL surged 4% today to 18.28$ per share. The volume was strong again as show the thechnical chart, this stock is moving fast followed by volume, this movement could be again related with a buyout rumor, this news have circulated on friday , Buyout Rumor by Thestreet.com.
Stock closed above 50 dma and MACD is above 0 -Bullish Signals, however the stock could see some selling pressure near 19$, as show red line in chart.

That's All. Have a nice evening !!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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