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.
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