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Bearish Moving Average Cross by Broadcom Ltd (AVGO)

By James Quinn

Today, shares of Broadcom Ltd (NASDAQ:AVGO) have fallen below their 10-day MA of $315.28 on a volume of 205K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Broadcom Ltd has traded in a range of $197.46 to $322.45 and is now at $313.85, 59% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

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