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Broadcom Ltd Falling Today on Above-Average Volume (AVGO)

By David Diaz

Shares of Broadcom Ltd are trading down 6.7% to $262.68 today on above average volume. Approximately 3.7 million shares have changed hands today vs. average 30-day volume of 2.8 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

Over the past year, Broadcom Ltd has traded in a range of $197.46 to $323.20 and is now at $263.91, 34% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has risen 0.6%.

Keywords: unusual volume broadcom ltd

Ticker(s): AVGO