The manufacturer of communications and storage integrated circuits leaps forward, extending today’s positive performance with an increase of 3.60%.
The technical scenario seen in one week of the stock compared to the Nasdaq 100 index, highlights a slowdown in the trend of Marvell Technology compared to the US technology stock index, and this makes the stock a potential selling target by investors.
The short-term scenario for Marvell Technology highlights a decline in prices towards the 67.76 USD area with the first resistance area seen at 69.15. Expectations are for an extension of the negative phase towards the support seen at 66.94.
The indications are to be considered merely informational tools, and are in no way intended to constitute financial advice, solicitation to public savings or promotion of any form of investment.
(By the Teleborsa Research Office)