Wednesday, December 26, 2012

A look at Marvell Shares Following Today's Drop | $MRVL

1 min MRVL 
Following the late day ruling against Marvell to the tune of $1.7Bil for infringing on Carnegie Mellon University patents shares of MRVL became cannon fodder for the bored day trader.

The result is depicted on the left.
(Bloomberg) A U.S. jury ordered Marvell Technology Group Ltd. (MRVL) to pay $1.17 billion in damages that may be tripled for infringing patents on integrated-circuit technology held by Carnegie MellonUniversity.
A 5 minute view is below.  Also do you think perhaps someone got wind Friday of this ruling?

Daily MRVL .. the 7 level is very important support.. below stops surely reside. 
15 min MRVL.. note the volume spike Friday..