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Bullish Moving Average Cross by Avago Technologies (AVGO)

By Amy Schwartz

Avago Technologies (NASDAQ:AVGO) crossed over its 10-day moving average of $242.32 on a volume of 865K 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.

In the past 52 weeks, shares of Avago Technologies have traded between a low of $100.00 and a high of $256.78 and are now at $243.34, which is 143% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

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

Keywords: moving crosses Avago Technologies

Ticker(s): AVGO