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Avago Technologies Crosses Above its 10-day MA (AVGO)

By James Quinn

Avago Technologies (NASDAQ:AVGO) shares have crossed bullishly above their 10-day moving average of $214.74 on a volume of 200K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Avago Technologies has traded in a range of $100.00 to $227.75 and is now at $214.96, 115% above that low. The 200-day and 50-day moving averages have moved 0.14% higher and 0.76% higher over the past week, respectively.

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