Marvell's most recent trend suggests a bearish bias. One trading opportunity on Marvell is a Bear Call Spread using a strike $34.50 short call and a strike $39.50 long call offers a potential 19.62% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $34.50 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $4.18 would be incurred if the stock rose above the $39.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Marvell is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Marvell is bearish.
The RSI indicator is at 36.92 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Marvell
Marvell Technology Group Ltd. Declares Quarterly Dividend Payment
Thu, 25 Jun 2020 20:05:00 +0000
Marvell Technology Group Ltd. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on July 29, 2020 to shareholders of record as of July 13, 2020.
Why Marvell (MRVL) Stock Might be a Great Pick
Wed, 17 Jun 2020 12:54:12 +0000
Marvell (MRVL) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
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Wed, 17 Jun 2020 11:04:11 +0000
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Tue, 16 Jun 2020 18:23:06 +0000
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Nokia adds Broadcom as third 5G chip vendor to diversify supply
Mon, 15 Jun 2020 08:00:00 +0000
Finland's Nokia Oyj said on Monday it had partnered with Broadcom to develop chips for 5G equipment in its third such deal following ones with Intel and Marvell. Nokia initially chose a type of chip — Field Programmable Gate Arrays (FPGAs) — for its 5G equipment that customers could reprogramme but high costs and supply hurdles last year forced it to change course. “We still stand by the decision of going with FPGAs because it was the right thing to do at that time,” Sandro Tavares, Nokia's head of mobile networks marketing, told Reuters.
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