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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?
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Daily MRVL .. the 7 level is very important support.. below stops surely reside. |
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15 min MRVL.. note the volume spike Friday.. |
Posted in: chart.,marvell,MRVL