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TMCNet:  Marvell Technology Down 20.2% Since SmarTrend Downtrend Call (MRVL)

[November 07, 2012]

Marvell Technology Down 20.2% Since SmarTrend Downtrend Call (MRVL)

Nov 07, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Marvell Technology (NASDAQ:MRVL) on September 20th, 2012 at $9.99. In approximately 2 months, Marvell Technology has returned 20.18% as of today's recent price of $7.97.

In the past 52 weeks, Marvell Technology share prices have been bracketed by a low of $7.32 and a high of $16.86 and are now at $7.97, 9% above that low price. The 200-day and 50-day moving averages have moved 0.82% lower and 1.57% lower over the past week, respectively.

Marvell Technology Group Ltd. designs, develops, and markets integrated circuits for communications-related markets. The Company's products provide the interface between analog signals and the digital information used in computing and communications systems. Marvell's technology is applied to the broadband data communications market.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Marvell Technology.

Log in and add Marvell Technology (MRVL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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