• Return to Headlines

Avago Technologies Bullish Moving Average Crossover Alert (AVGO)

By Amy Schwartz

Today, shares of Avago Technologies (NASDAQ:AVGO) have advanced above their 10-day MA of $232.48 on a volume of 928K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Avago Technologies have traded between a low of $100.00 and a high of $241.29 and are now at $235.50, which is 136% above that low price. 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 recommended that subscribers consider buying shares of Avago Technologies on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $222.98. Since that recommendation, shares of Avago Technologies have risen 3.7%. We continue to monitor AVGO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Avago Technologies

Ticker(s): AVGO