Semiconductor Stock Due for a Short-Term Bounce

Semiconductor stock Marvell Technology Inc (NASDAQ:MRVL) was last seen down 5% at $77.24, succumbing to broader-market headwinds alongside its sector peers as Nvidia's (NVDA) post-earnings rally fizzles. Though far removed from April lows, MRVL is still down 29.7% year to date. However, this latest pullback has support at the $80 level, as well a historically bullish trendline.Per Schaeffer's Senior Quantitative Analyst Rocky White, MRVL is within 0.75 of the 320-day moving average's 20-day average true ran ...