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

By David Diaz

Broadcom Ltd (NASDAQ:AVGO) traded today at a new 52-week high of $321.00. This new high was reached on below average trading volume as 324,000 shares traded hands, while the average 30-day volume is approximately 3 million shares.

In the past 52 weeks, shares of Broadcom Ltd have traded between a low of $197.46 and a high of $321.00 and are now at $320.28, which is 62% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.4%.

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.

Broadcom Ltd (NASDAQ:AVGO) defies analysts with a current price ($320.28) 3.1% above its average consensus price target of $310.39. The stock should find initial support at its 50-day moving average (MA) of $287.22 and further support at its 200-day MA of $247.35.

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