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BROADCOM INC. DL-,001BROADCOM INC. DL-,001BROADCOM INC. DL-,001

BROADCOM INC. DL-,001

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1YD trade ideas

$AVGO 7% Buyback program will protect you Portfolio.The first quarter of 2018 AVGO had a similar downbeat report and earnings call, they stock sold of before hitting a all time high 1 year later. This time round the stock has rebounded 5% alone from the pre market lows, and has moved back above the 200ma which is a critical level, if it can close at these levels buyers will flock back in next week if the market sentiment stays stable. We don't really see any reason to be selling, our expectations were not high in the first place when you consider the headwinds in the market including APPLE, Huawei and MR TRUMP's trade war.
NASDAQ:AVGOLong
by DEXWireNews
AVGO Friday Day Trade Go !AVGO is having some volume today Friday. its currently above the 256.62 daily pivot that i have drawn. For a Short it needs to get below this pivot and make lower lows and lower highs. For a Long it needs a lot more work but it can get above its 200 SMA (brown color) and go up to its 20 EMA (green) that's about 15 points range. However its a lower probability trade as the Daily Chart shows AVGO making a lower high and a lower low candle stick pattern, basically the Daily chart is showing more weakness (bearish) than strength (bullish). A short is a more high probability trade than a long. The market (SPY) needs to be in alignment for this trade to work.
NASDAQ:AVGO
by swara7kadir
Broadcom: Pre-Earnings Pullback into Bullish BreakoutAVGO makes networking semiconductors and other products in so many household brands of consumer equipment, and I was floored to see how bad of a beating they took with the May trade war fear correction. After this consolidation, Broadcom's stock price now has room to bounce out of earnings with a healthy upside potential to make up for ground lost to set new highs. Depending on how the market reacts to earnings tomorrow night, this has the potential to have a strong growth tech upside. The contract renewal with Apple Computers for components is also going to be a major highlight of that earnings call, too. The price just rose to ping-pong a little between the 50 and 200 day averages with some upward momentum to keep going. The technicals have RSI showing a slow cool off from last week's rally without much of a loss but still bullish above 50 with lots of upside potential. MACD has crossed over the signal line for a bullish reversal, but is still negative showing that a coming rally may still be volatile until it takes off under full steam. Rate of change is breaking positive and sloping upward in a technical trend reversal. ADX is also flashing a possible sharp trend reversal with DI+ just rising over DI- with some consolidation action that will definitely break on earnings. I also see a very narrow cup and handle that is probably only going to last one or two more days at max before shooting for the sky. If this plays out the way I think it can, money will start to pour into the stock in the morning as investors seeking the earnings payout buy this short consolidation (with the rest of the S&P 500) to front-run the crowd. If their earnings call is strong, focuses on the Apple news, and calms fears of the US-China trade dispute, this will be very profitable very quickly.
NASDAQ:AVGOLong
by chuckination
$AVGO Could Apple deal help burst resistance for Broadcom ?Broadcom Inc disclosed Monday afternoon that it has landed a two-year deal with Apple Inc to provide some components, sending shares higher in after-hours trading. In a filing with the Securities and Exchange Commission, Broadcom said that it had agreed to supply radio-frequency components for smartphones, tablets and smartwatches, and that Apple said it intends to rely solely on Broadcom for the components as long as the company can meet commitments for quantity and quality. Impressive as the deal may be we are just not overly confident heading into earnings as certain worries still hang over the stock in regards their recent acquisitions, the earnings call should shed light on the situation. From a technical perspective the stoch has made a great recovery from the 21% selloff but major resistance has now stopped it in its tracks. Hopefully earnings will be the catalysts to get moving towards the highs once again and closer to the Average Analysts price target of $321. Rosenblatt Securities reiterated buy rating with $350 price target on Monday 10th June “We see Huawei as already built in to the current share price for AVGO and reiterate our Buy rating and $350 PT into the print (Thursday, June 13 th ) on the company’s secular semiconductor prospect and FCF generation.”
NASDAQ:AVGOLong
by RedHotStocks
Broadcom Money Flow Turning PositiveBroadcom delivered strong earnings and appears to be cranking back into a rally to set higher highs as it goes forward. The Bollinger Bands have tightened up and the price action is bumping right up against the top band indicating a rally picking up steam. MACD confirms this breaking bullish again with ADX showing a strong uptrend with DM+ crossing upward showing a new rally taking off. RSI shows overbought, but this is common when setting higher highs. Money flow has hovered flat but is now breaking positive indicating that the desk traders are getting in on this action, too. Set your stops conservatively for now, and you can relax them some if a longer term trend picks up gear on this large gap grow semiconductor firm.
NASDAQ:AVGOLong
by chuckination
$AVGO Broadcom in breakout mode Broadcom is the maybe not as enticing as NVDA or AMD, but it should be. Broadcom invests heavily in diversification and acquisition so it is not dependent on certain revenue streams. It is also in the middle of a massive buyback program which places a floor under the stock. Please follow our website link below to sign up and avail of our FREE E-Mail and Text Message ALERT service, so you don't miss another opportunity. A few simple steps and you are part of our community. www.topmarketgainers.com
NASDAQ:AVGOLong
by RedHotStocks
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