Trillion dollar action with double -digit growth predictions

Trillion dollar action with double -digit growth predictions

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  • Broadcom (AVGO) hit a new maximum maximum for all time in the morning trade on July 31.

  • The action has a strong technical impulse and 100% “Buy” signal via Barchart.

  • The shares have been more than doubled in the last year and has grown by 31% during the year until now.

  • Revenues and profits are expected to increase double -digit over the next two years.

Valued at $ 1.4 trillion, Broadcom (AVGO) is a leading designer, developer and global supplier of a wide range of semiconductor devices with focus on complex digital and mixed signaling semiconductor semiconductors (CMOS), based on devices and products.

I found today’s diagram of the day using the powerful Barchart screening features. I arranged the stock with the highest technical purchase signals, a superb current impulse, both in force and in the direction and a signal to search for “buy” trends. I then used Barchart’s Flipcharts feature to review the pricing charts. Avgo checks these boxes. As the tenderer signals a purchase on May 1, the shares accumulated 54%.

AVGO price against daily moving average values:

www.barchart.com

Editor’s note: The technical indicators below are updated live during the session every 20 minutes and can therefore change daily when the market is hesitant. The indicators shown below cannot match what you see live on the Barchart.com website when you read this report. These technical indicators form Barchart’s opinion of a certain stock.

Broadcom’s shares hit a new maximum for all time on July 31, touching $ 306.95 in the morning trade.

  • AVGO has a 100% buying technical signal.

  • The action was recently traded at $ 301.36, over 50-day movable an average of $ 264.32.

  • Broadcom has a weighted alpha of +98.43.

  • The action has won 111.26% in the last year.

  • AVGO has its own tendency for a “Buy” seeker intact.

  • Broadcom is traded over its 20, 50 and 100-day moving average.

  • The action made 14 new maximums and won 10% in the last month.

  • The relative power index is 71.54%.

  • The technical support level is $ 297.86.

  • $ 1.4 trillion dollars market capitalization.

  • Price price ratio of 59.48x.

  • 0.78% dividend yield.

  • Revenue is planned to increase by 21.93% this year and another 20.53% next year.

  • The profit is expected to increase by 36.875 this year and an additional 23.60% next year.

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