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Bearish Moving Average Cross by Broadcom Ltd (AVGO)

By David Diaz

Today, shares of Broadcom Ltd (NASDAQ:AVGO) have crossed bearishly below their 10-day moving average of $240.81 on a volume of 20.2 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Broadcom Ltd share prices have been bracketed by a current low of $197.46 and a high of $285.68 and are now at $204.67. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

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

Keywords: moving crosses broadcom ltd

Ticker(s): AVGO