Uploaded by FinancialNewsOnline on Nov 28, 2011
Shares of Broadcom (NASDAQ:BRCM) opened today above their pivot of $29.84 and have already reached the first level of resistance at $30.16. Should the shares continue to rise, the resistance pivots of $30.75 and $31.66 will be of interest.
In the past 52 weeks, Broadcom share prices have been bracketed by a low of $29.51 and a high of $47.39 and are now at $30.21, 2% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.7%.
Broadcom (NASDAQ:BRCM) has potential upside of 35.7% based on a current price of $30.21 and analysts' consensus price target of $40.99.
In the past 52 weeks, Broadcom share prices have been bracketed by a low of $29.51 and a high of $47.39 and are now at $30.21, 2% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.7%.
Broadcom (NASDAQ:BRCM) has potential upside of 35.7% based on a current price of $30.21 and analysts' consensus price target of $40.99.
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