MRVL was up 5.84% today on healthy volume. Looks like it has finally broken out of a 3 month symmetrical triangle. Today it stopped short of $12, which has been resistance for a while now.
THE GAMEPLAN:
You have a few choices here. You can buy some now and stop out under the low last week ($10.25). Consider a tighter stop if you please, perhaps a close under the 50DMA.
If you're a bit more conservative, wait until MRVL breaks through, and finds support at, $12.
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