Marvell Technology Group (MRVL) – This designer, developer and marketer of digital signal processing and embedded microprocessor integrated circuits has been in an orderly bull channel since late last year.
But a huge quarterly earnings surprise on Dec. 4 brought in buyers who blasted the stock through a tough zone of technical resistance on a breakaway gap with high volume.
This could be a volatile stock, so cautious investors may want to take a half position now and add on a pullback.
The target for traders is $25. As with all speculative trading positions, it is wise to place a stop-loss order so that losses don’t get out of control.
30 Dead Dividend Stocks to Avoid at All Costs
These stocks may look fantastic on the outside, but each and every one of them carries a huge risk of cutting or even completely eliminating their cash dividends. Sell these 30 losers now, and buy the six top picks that are handing investors huge, safe dividend payments instead. If you own even a single dividend stock, this report is a must-read — download your FREE copy here.
Comments are currently unavailable. Please check back soon.