Yulia Slavina

Danny Naz: Alab targets 366 with support near 321 as ASTS and MRVL move on triggers

Danny Naz: Alab targets 366 with support near 321 as ASTS and MRVL move on triggers
Alab and ASTS hit technical triggers

Danny Naz provides a morning update on several equities.

Alab gapped up to 346 with downside support identified near 321 and an upside target of 366. ASTS broke above the early trigger at 72.35 and is approaching the daily trigger at 74.65, with a potential move of 5 to 10 points if the level is crossed. MRVL broke through the 229.30 day trigger and reached a new level.

Earlier this week, Danny Naz noted heavy activity in MSFT August 17 505 call options, citing potential for shares to move higher if above 501. Naz also began preparing a watchlist for next week as trading activity slowed. These updates reflect Naz’s continued monitoring of equity movements and market trends.

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