Marvell Technology stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 66 to 79.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Marvell Technology stock can continue to show renewed price strength and clear that threshold.
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Is Marvell Technology Stock A Buy?
Marvell Technology stock is trying to complete a consolidation with an 85.76 buy point. See if the fabless chipmaker stock can clear the breakout price in volume at least 40% higher than normal.
Although earnings and sales growth came in at -9% and -5%, respectively, in the latest report, that showed improvement for both EPS and revenue.
Marvell Technology stock earns the No. 12 rank among its peers in the Electronics-Semiconductor Fabless industry group. Arm Holdings ADR, Broadcom and NVIDIA are among the top 5 highly rated stocks within the group. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
