Marvell (MRVL) Offering Possible 6.61% Return Over the Next 24 Calendar Days

Marvell's most recent trend suggests a bullish bias. One trading opportunity on Marvell is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 6.61% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $4.69 would be incurred if the stock dropped below the $52.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Marvell is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Marvell is bullish.

The RSI indicator is at 54.67 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Marvell

Nvidia, AMD, Marvell, KLAC Among Top Chip Picks at Bank of America
Fri, 17 Sep 2021 12:24:00 +0000
Bank of America on Friday named several top picks among semiconductor companies, including Nvidia , Advanced Micro Devices , Marvell Technology and Broadcom . BofA also chose ON Semiconductor as an auto-related chip selection, KLA as a capital-expenditure chip selection and Nova as a small-cap selection. The bank raised its price target on Nvidia to $275 from $260.

Director Of Marvell Technology Sold $309.30 Thousand In Stock
Wed, 15 Sep 2021 14:39:56 +0000
Michael Strachan, Director at Marvell Technology (NASDAQ:MRVL), made a large insider sell on September 10, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Strachan sold 5,000 shares of Marvell Technology at a price of $61.86 per share. The total transaction amounted to $309,300. Following the transaction, Strachan still owns 37,438 shares of Marvell Technology worth $2,324,525. Marvell Technology shares are trad

3 Futuristic Stocks for a 5G, Cannabis, and Metaverse World
Tue, 14 Sep 2021 13:23:00 +0000
Getting in early on a growing company in a burgeoning market can turn $1,000 into $1 million, as some investors have experienced with Apple or Amazon. While they operate in different sectors, Marvell Technology Group (NASDAQ: MRVL), Green Thumb Industries (OTC: GTBIF), and Nvidia (NASDAQ: NVDA) share something that makes them excellent additions to any portfolio: For them, the future is now. As 5G technology penetrates its way into businesses and the lives of consumers, Marvell is establishing itself as an early leader specializing in data infrastructure networking and storage.

Marvell Technology (MRVL) Announces Bond Exchange Worth $2B
Mon, 13 Sep 2021 11:55:11 +0000
Marvell Technology (MRVL) commences an offer for its bond holders, under which certain unregistered senior notes worth $2 billion will be exchanged for new registered senior notes.

Is John Hancock Multifactor Mid Cap ETF (JHMM) a Strong ETF Right Now?
Mon, 13 Sep 2021 10:20:10 +0000
Smart Beta ETF report for JHMM

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