I think MRVL will close the year between 20 and 22. 22 is a major resistance level and last time it was there in 2006 before the stupid intel unit buyout. The old time high was $35 in 2003. Major earnings surprise is needed to break the 22. The good thing now is that we got rid of those stupid incompetent Asian owners who returned zero return for shareholders over 10 years. The owner and his wife were thinking about their options and their fancy cars only. The new management is impressive since it took over. I trust the new leader management skills an the future. If he gets earning to $2/share you might see the 30s again.
Marvell Technology Group Ltd. NASDAQ $MRVL Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.2 In other words, the correlation coefficient of the other stock
Just jumped in with 400 shares hoping this baby breaks it's 52 week high of 18.18 and makes a nice run up ! Go MRVL
Guess I jumped on a bit too early...............or late ...haha !
Any opinions on where this will go now that earnings are over
Nice earnings report especially the 61% gross margin. If they can grow sales, EPS could move up quickly.
what's your prediction?
Dang, nice spread sheet. Where have you been all of my life? I want in !
MRVL is gonna get acquired. My guess is before 2018.