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Shares of Broadcom Ltd Rise to a New 52-Week High

By Nick Russo

Broadcom Ltd (NASDAQ:AVGO) traded today at a new 52-week high of $317.52. So far today approximately 104,000 shares have been exchanged, as compared to an average 30-day volume of 2.9 million shares.

Broadcom Limited designs, develops, and supplies semiconductors and integrated circuits. The Company offers products such as broadband carrier access, cables, switches, network processors, and wireless connectors. Broadcom markets its products worldwide.

In the past 52 weeks, Broadcom Ltd share prices have been bracketed by a low of $197.46 and a high of $317.52 and are now at $315.20, 60% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.4%.

Broadcom Ltd (NASDAQ:AVGO) is currently priced 1.5% above its average consensus analyst price target of $310.39. The stock should discover initial support at its 50-day moving average (MA) of $285.30 and subsequent support at its 200-day MA of $246.64.

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: 52 week high/lows broadcom ltd

Ticker(s): AVGO