Midday Stocks in the News: (NASDAQ: MRVL), (NYSE: RF)
New York, NY -- (ReleaseWire) -- 02/22/2013 --Marvell Technology Group Ltd. (NASDAQ: MRVL) traded in the range of $9.35 and $9.99 during its latest trading session. The stock had opened at $9.98 and is at $9.71, up 2.53 percent from its previous close of $9.47. Marvell Technology Group recorded the volume of 16.419 million shares. Its average daily trading volume stands at 12.122 million shares. Its MACD chart shows bullish trend and the stock may go as high as $9.85 in the coming sessions. Its first support level stands at $9.65, breaching this level, the stock may tumble to $9.58.
Marvell Technology Group reported $775.3 million in revenue for its fourth quarter.
Find out more on MRVL here: http://www.wallstreetreport.net/market-scan/?symbol=MRVL
Regions Financial Corp. (NYSE: RF) stock is at $7.74, up 1.98 percent from its previous close of $7.59. The stock opened the session at $7.66 and touched its highest price point at $7.77. Regions Financial stock’s lowest price point for the session stood at $7.63. The stock is likely to maintain its bullish trend in the near term and medium term and may touch $7.95 level in the coming trading sessions. On the downside, the stock has support at $7.65.
Regions Financial announced the appointment of its President Grayson Hall as the company chairman.
Get the latest news and tips on how to successfully trade RF here: http://www.wallstreetreport.net/market-scan/?symbol=RF
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