MORE ON SEMICONDUCTOR COMPANY MARVELL — A 5G PLAY

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Marvell Technology (MRVL) is a semiconductor company.  It is buying Inphi Corporation (IPHI).  This will make Marvell a big player in data centers.  Demand for the chips from IPHI is likely to increase as more data is stored in data centers due to 5G.

Strategically this is a good acquisition for MRVL.  However, MRVL is paying a very high price.  This is the reason that MRVL stock has fallen.

The new buy zone is $32 to $36.67.  The medium-term target zone is $46 to $52.  This may turn into a long term position with a higher target.

The stock was on its way to falling to about $33 when it got pumped on TV.  After the influence of the TV pump wanes, the stock may still pull back unless there is another pump.  The stop zone is $27 to $29.43.

Increasing the maximum recommended quantity to 30% of full core position size.

This post was published on ZYX Buy Change Alert.

 

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