$Marvell Technology(MRVL)$ Marvell Technology is showing early breakout strength today, pushing back above the $300 level as momentum builds into its upcoming S&P 500 inclusion on June 22.
The $320 area is the key resistance to monitor. A clean break and sustained hold above that level could open the door for the next impulsive move higher.
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Comments
The correction yesterday was market wide coming off a super rally day. This is not unusual nor alarming.
The upward trend is intact and a new record high in a week or so time will not be at all surprising.
I agree $320 level is to be watched. When that breeches, $400 should happen in a month or two.