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Avago Technologies Bearish Moving Average Crossover Alert (AVGO)

By Nick Russo

Today, shares of Avago Technologies (NASDAQ:AVGO) have fallen below their 10-day MA of $171.57 on a volume of 352K shares. This may provide swing traders with 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 $179.42 and is now at $170.80, 71% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Avago Technologies and will alert subscribers who have AVGO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Avago Technologies

Ticker(s): AVGO