Marvell Technology Shows Rising Relative Strength, Rising To 81

On Tuesday, Marvell Technology (MRVL) cleared a key technical benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 81, a rise from 78 the day before.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This proprietary rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

History shows that the market’s biggest winners often have an RS Rating of over 80 as they launch their biggest price moves.

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The IBD 50 stock is now considered extended and out of buy range after clearing a 41.44 buy point in a second-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Regarding fundamentals, the company has posted rising EPS growth over the last four quarters. Top line growth has also moved higher over the same time frame. The company is expected to release its next quarterly numbers on or around Mar. 4.

Marvell Technology earns the No. 7 rank among its peers in the Electronics-Semiconductor Fabless industry group. Alpha & Omega Semiconductor (AOSL) and Nvidia (NVDA) are also among the group’s highest-rated stocks.


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