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Broadcom Ltd Bullish Moving Average Crossover Alert (AVGO)

By Amy Schwartz

Today, shares of Broadcom Ltd (NASDAQ:AVGO) have crossed bullishly above their 10-day moving average of $272.63 on a volume of 3.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Broadcom Ltd share prices have moved between a 52-week high of $294.43 and a 52-week low of $197.46 and are now trading 49% above that low price at $294.43 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in Broadcom Ltd. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Broadcom Ltd in search of a potential trend change.

Keywords: moving crosses broadcom ltd

Ticker(s): AVGO