We reviewed the charts and indicators of Marvell Technologies (MRVL) on May 20 and wrote that "If you got stopped out of MRVL you should rebuy it here. If you have no position you could go long here risking to $40. The $54 area and then the $83 area are our price targets."
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Yes, I'm quoting Meatloaf -- and this is why, and why you should expect a bounce this week.
The indexes and many big-cap stocks are now catching up with the majority of the stocks in the market that have already corrected.
The company reports its latest results after the market close on Tuesday.
And there are two reasons to take your time as a buyer.