Could AVGO rise towards the level of $800?
|Today’s instrument is the Broadcom Inc‘s stock traded in Nasdaq exchange under the ticker AVGO.
Looking at the AVGO‘s chart, we see a significant upsize on its share price which was supported by the overall industry upsize due to the greater demand on chips where the stock reached a 52W high at $921.78 and then dropped to the last price of around $788.
Yesterday, Broadcom announced better-than-expected quarterly earnings and today we should expect it to rise towards the level of $800 and if it is able to pass it, then it might approach the level of $830-850.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.