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Marvell Technology (MRVL) had its Relative Strength (RS) Rating upgraded from 69 to 74 Monday — a welcome improvement, but still short of the 80 or better score you look for.
X When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD’s unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the last 52 weeks matched up against all other stocks.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they begin their largest runs. See if Marvell Technology can continue to rebound and clear that threshold.
Looking For Winning Stocks? Try This Simple Routine
Marvell Technology is building a consolidation with a 25.28 entry. See if it can clear the breakout … Read more