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Broadcom Ltd Crosses Above its 10-day MA (AVGO)

By Amy Schwartz

Today, shares of Broadcom Ltd (NASDAQ:AVGO) have crossed bullishly above their 10-day moving average of $276.32 on a volume of 454K 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, Broadcom Ltd has traded in a range of $197.46 to $323.20 and is now at $277.93, 41% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has risen 0.4%.

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