Marvell Technology Shows Promise as Momentum Pick

Marvell Technology (MRVL) is a solid momentum pick according to its Zacks Momentum Style Score of B and Zacks Rank #2 (Buy). The company’s recent price trend, earnings estimate revisions, and industry performance are key drivers of the high score. MRVL’s short-term price activity shows promising signs, with shares rising 0.19% over the past week and outperforming its industry in both short-term and long-term periods.

Comparing MRVL to its industry peers is also crucial, as it can indicate the best companies in a particular area. The company’s shares have increased by 52.58% over the past quarter and 117.23% in the last year, significantly outperforming the S&P 500. A rising stock with above-average volume is generally considered bullish, which MRVL currently exhibits with its 20-day trading volume averaging 12,650,252 shares.

Investors looking to follow momentum investing can benefit from focusing on companies like Marvell Technology, as it has shown potential in consistently outperforming the market over short periods. By analyzing these metrics and industry performance, investors can make informed decisions about their trades.

Source: https://finance.yahoo.com/news/makes-marvell-technology-mrvl-strong-170007253.html