Buy the Dip on This Semiconductor Stock

Semiconductor stock Marvell Technology Inc (NASDAQ:MRVL) is up 2.7% to trade at $88.13 at last glance, brushing off today's headwinds, though it was earlier on track for its seventh loss in nine days. A short-term bounce stock back up toward its Jan. 23 all-time high of $127.48 could also be in the cards, as the equity is flashing a historically bullish signal on the charts. Per Schaeffer's Senior Quantitative Analyst Rocky White, MRVL has pulled back to its 260-day moving average. Specifically, the stock i ...