Marvell Technology had its Relative Strength (RS) Rating upgraded from 66 to 71 Tuesday -- a welcome improvement, but still below the 80 or better score you look for.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Marvell Technology can continue to show renewed price strength and clear that threshold.
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Marvell Technology is not currently near a potential buying area, as it is living below key moving averages. See if the stock goes on to build a promising consolidation that could launch a new move.
Earnings News
In terms of fundamentals, the company has posted three quarters of rising earnings growth. Revenue gains have also moved higher during the same period. Next Earnings report due later this month, May 26.
Marvell Technology holds the No. 6 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom and Monolithic Power Systems are also among the group's highest-rated stocks.
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