New York (January 15th, 2013) - Marvell Technology Group (NASDAQ: MRVL) shows neutral trend as the stock made a sharp movement in its latest trading session. It opened the session at $8.56 and remained in $8.39 and $8.76 price range during the session. The stock closed 1.37 percent higher at $8.74. Marvell Technology’s first resistance level is at $8.89. Upon breaching this level, the stock may touch $9.39. On the downside, its first support level is at $8.16.
Marvell Technology deals in microprocessor integrated circuits and digital signal processors. The company is operational globally including countries like Italy, Germany and Singapore. Marvell Technology is based out of Bermuda and was formed in 1995.
The Company’s research focuses on targeting the extracellular matrix an area outside the cell that provides structural support in tissues and orchestrates many important biological activities, including cell migration, signaling and survival.
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