Tonight’s free idea is MRVL 0.00%↑. The semis are starting to get hot again as the AI trade picks back up. We are looking to buy on a pullback with our stop near the last support zone. We exit on the first day that closes over a prior day’s high. We are trying to snag pullbacks on the strongest names out there.
MRVL - Marvell Technology Inc Common
Marvell designs data-infrastructure semiconductors: custom AI silicon, networking, and storage chips that power cloud data centers.
Entry limit: $220.19 - Stop: $166.53 (on a close)
Last close $237.04 (-5.6%) - volume 25.2M (20-day average 24.1M) - 52-week range $62.18 to $316.35 (-25% off the high) - ATR (14 days) $17.54
Mean Reversion. The most-watched names in the market get defended. This sleeve owns two doors into that bounce: a violent one-day hit inside a healthy longer-term uptrend, and a deep morning markdown on an already washed-out household name. Either way we are the standing buyer into the fear, out within days.
Tested 902 trades: 69% win rate, +5.49% average winner, -5.97% average loser, 2.02 profit factor, 6.92% CAGR over the 25-year test, $100k became 5.3x.