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Today’s instrument is the Marvell Technology Group Ltd‘s stock traded in Nasdaq exchange under the ticker MRVL. 

Looking at the MRVL‘s chart, we can see that it was lastly traded at around $46.20.

Last night it announced its quarterly earnings where EPS were in line with the estimation, with only the revenue slightly beating the forecast. Having already been traded at a higher price due to positive market’s anticipation, today we should expect a correction below its support level which is located at around $44.

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