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Avago Technologies Bearish Moving Average Crossover Alert (AVGO)

By James Quinn

Today, shares of Avago Technologies (NASDAQ:AVGO) have crossed bearishly below their 10-day moving average of $152.66 on a volume of 705K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Avago Technologies has traded in a range of $100.00 to $166.00 and is now at $150.33, 50% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is monitoring the recent change of momentum in Avago Technologies. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Avago Technologies in search of a potential trend change.

Keywords: moving crosses Avago Technologies

Ticker(s): AVGO