The rally stalls: a fresh Sell signal
Marvell drops 3.9% as a 17-week rally gives way to a fresh Sell signal
The rally stalls: a fresh Sell signal
Our view last week
Marvell Technology is in week 17 of an open buy trade, up 173.85% from entry. All 3 targets of our most advanced model have already been hit and coverage is complete: residual capital continues with a trailing stop on the Inversion Point, in the 247.6 area. On the technical side, the week just closed marks the first real cooling of momentum after weeks of strong push.
This week's summary
Marvell's stock was our model's best long, with 17 weeks of gains and a 173.85% profit: this week the picture flips and a fresh Sell signal fires, with the stock down 3.9% and boxed between its 50-day moving average (231 area) and the daily pivot point (236 area). Our weekly technical analysis flags low signal strength, 14 out of 100, and trading as not recommended on a fresh opening.
IQS Phase
48
ordinary
Signal Strength
14
decline losing steam
Sizing
MINIMUM
Ranking
#69 / 137
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content