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Marvell Technology Is Breaking Out on the Upside: How to Play It

Marvell Technology Is Breaking Out on the Upside: How to Play It

Prices corrected in May and have rallied back to make a slight new high with a breakout on our Point and Figure chart. In the daily bar chart of MRVL, below, we can see that prices have broken above the April zenith. The On-Balance-Volume (OBV) line is close to making a new high for the move up from September.