Marvell Technology Group Ltd.(MRVL) has rising momentum with an uptrend

(29-Apr-2008) (29-Apr-2008) Marvell Technology Group Ltd.(MRVL) closed at 13.04, up 0.11 or 0.85 % for the day. Based on our analysis, Marvell Technology Group Ltd.(MRVL) has rising momentum with an uptrend.

The closing price of Marvell Technology Group Ltd.(MRVL) is above its 50 day moving average of 11.39 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Marvell Technology Group Ltd.(MRVL) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 18-Apr-2008, about 9 trading days ago.