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Marvell Technology Group Ltd. Breaks Above 200-Day Moving Average - Bullish for MRVL

By Market News Video Staff, Monday, October 10, 11:41 AM ET
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In trading on Monday, shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) crossed above their 200 day moving average of $15.85, changing hands as high as $15.91 per share. Marvell Technology Group Ltd. shares are currently trading up about 2.6% on the day. The chart below shows the one year performance of MRVL shares, versus its 200 day moving average:

Marvell Technology Group Ltd. 200 Day Moving Average Chart

Looking at the chart above, MRVL's low point in its 52 week range is $11.23 per share, with $22.01 as the 52 week high point that compares with a last trade of $15.75.

According to the ETF Finder at ETF Channel, MRVL makes up 4.74% of the iShares PHLX SOX Semiconductor Sector Index Fund ETF (NASDAQ:SOXX) which is trading up by about 2.8% on the day Monday.

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See what other stocks are held by SOXX

MRVL operates in the Semiconductors sector, among companies like Cree, Inc. (NASDAQ:CREE) which is down about 0.5% today, and LSI Corp (LSI) trading up by about 3.7%. Below is a three month price history chart comparing the stock performance of MRVL, versus CREE and LSI.

MRVL,CREE,LSI Relative Performance Chart


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