Technology bulls surround Marvell

Technology bulls surround Marvell

  • Posted Friday, December 18, 2009 -
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MRVL Marvell Technology Group Ltd. Near-term bullish investors flooded the February 2010 contract on the global semiconductor company today as shares of the firm climbed more than 3% to a new 52-week high of $19.85. Some traders anticipate MRVLs shares will appreciate significantly in the next two months. These investors purchased 12,600 calls at the February 21 strike for an average premium of 90 cents per contract. Call-buyers break even if shares rally 10.3% to $21.90 by expiration.

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