I added to my position in Broadcom (AVGO) as the stock’s recent pullback offers a constructive entry point. Despite being up 44% year to date and offering a modest 0.7% dividend yield, AVGO has slipped in eight of the last 12 sessions, now trading 11% below its 52-week high. The weakness brings it near the 50-day SMA and close to filling the Sept. 4 gap, creating a technical setup for a potential year-end rally. Entered at $320 with a $290 stop, targeting a move toward the $400 level.
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- Mortimer Arthur·10-06EOY will definitely hit $400.00+ Great chip company ....LikeReport
- Enid Bertha·10-06Avgo will hit 350 this week I'm certain...the wall of worry!LikeReport