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$MRVL Confirmed Breakout Above 11.02

|Includes:Marvell Technology Group, Ltd. (MRVL)

Breakout Details

BREAKOUT CONFIRMED breakout above 11.02, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 12, 7.4% Stop: 10.83, Loss: 3%, Profit/Loss ratio: 2.5 : 1 - Good

Support and Resistance

CURRENT PRICE 11.17, just above resistance, 10.81 ± 0.21, type triple, strength 3

RESISTANCE ABOVE None.

SUPPORT BELOW -3.2% at 10.81 ± 0.21, type triple, strength 3
-7% at 10.39 ± 0.2, type double, strength 3

(click to enlarge)MRVL stock chartClick to enlarge

Source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=MRVL

Stocks: MRVL