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

By Nick Russo

Today, shares of Avago Technologies (NASDAQ:AVGO) have advanced above their 10-day MA of $142.92 on a volume of 906K 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.

Avago Technologies share prices have moved between a 52-week high of $159.65 and a 52-week low of $100.00 and are now trading 47% above that low price at $146.82 per share. 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 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