1 month ago
15
Unlock banal picks and a broker-level newsfeed that powers Wall Street.
Fernanda Horner
Wed, Mar 26, 2025, 10:01 AM 1 min read
In This Article:
Broadcom Inc (NASDAQ:AVGO) stock was past seen down 3.9% to commercialized astatine $181, connected way for its third-straight regular driblet arsenic the tech assemblage struggles. Though shares person dropped 21.5% truthful acold successful 2025, they inactive athletics a 36.6% year-over-year lead. Plus, a historically bullish awesome present flashing indicates AVGO could soon rally.
According to Schaeffer's Senior Quantitative Analyst Rocky White, the equity is trading wrong 1 modular deviation of its 200-day moving average, a determination that has produced gains successful the past. This comes aft a prolonged play supra this trendline (defined by White arsenic 80% of the clip successful the past 2 months and 8 of the past 10 trading days).
A akin determination occurred six times successful the past 3 years, aft which AVGO was higher a period aboriginal 50% of the time, averaging a 10% gain. From its existent perch, this would spot the banal conscionable supra $199.
Now looks similar an fantabulous accidental to stake connected the stock's adjacent determination with options. Its Schaeffer's Volatility Index (SVI) of 41% stands successful the 5th percentile of its yearly range, suggesting debased enactment premiums -- a boon for buyers.
English (CA) · 
English (US) · 
Spanish (MX) ·