Daily Stock Setups

Marvell Technology (MRVL) Downgrade Alert, Watch for 5% Technical Uptrend Reversal

Posted on: Thu, 19 Nov 2009 10:30:00 EST

Symbols: MRVL

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Nov 19, 2009 (SmarTrend(R) Spotlight via COMTEX) --
MRVL | Quote | Chart | News | PowerRating -- Marvell Technology (NASDAQ:MRVL) downgraded to Neutral at BofA/Merrill. The stock closed yesterday at $16.09 on volume of 9,023,453 shares, below average daily volume of 11,451,016.

Marvell Technology is currently above its 50-day moving average of $15.45 and above its 200-day moving average of $12.17.

SmarTrend is bullish on shares of MRVL and our subscribers received an Uptrend alert on November 10, 2009 at $15.32, which has returned 5% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Marvell Technology Group (MRVL) MRVL. Marvell Technology Group (MRVL) has Short Term PowerRatings at TradingMarkets. Details on Marvell Technology Group (MRVL) Short Term PowerRatings is available at This Link.

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