Those who were fast have nice profits on Marvell Technology (MRVL) in a short time. It is intended to be a medium-term position. However, if the market does not react well to big tech earnings after hours, this stock is likely to fall back into the buy zone. The stock has moved up to $38.24 as of this writing. It is likely to experience resistance in the zone of $39.40 to $40.20.
Depending upon personal preference, there is merit to taking profits in the zone of $38 to $39.40 with a plan to re-enter the position on a dip into the buy zone.
This post was published on ZYX Buy Change Alert.
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