Marvel Technology's stock (MRVL) surged in the intraday levels after the support of 51.66 held on, with a spike in trading volumes to 22.1 million shares above 10-day averages of 11.8 million shares, with the stock marking a profit of 6.72%, or 3.83 points, and settling at 60.82, with positive signals from the RSI, while trading alongside the downward correctional short-term trend line, with negative pressure from the 50-day SMA. 

The company reported strong profits and higher forecasts for yearly results, with first quarter profits of 52 cents per share, beating estimates of 51 cents. 

Therefore we expect the stock to return lower and target the support of 51.66 anew, provided the resistance of 63.11 holds on.

Expected trend for today: Bearish