Bearish Double Bottom Chart Pattern Is Formed By Broadcom Inc. (AVGO) at $245.51

June 29, 2018 - By Lena Young

Broadcom Inc. (NASDAQ:AVGO) Corporate Logo

During Q1 2018 the big money sentiment decreased to 0.67. That’s change of 1.00, from 2017Q4’s 1.67. 1 investors sold all, 2 reduced holdings as Broadcom Inc. ratio is negative. 2 increased stakes while 0 funds took stakes. Funds hold 198,376 shares thus 0.33% more from 2017Q4’s 197,722 shares.
Gemmer Asset Management Limited Liability Com holds 127 shs or 0.01% of its capital. Wagner Bowman Mngmt Corporation stated it has 1,266 shs. First Savings Bank Of Omaha invested 0.23% in Broadcom Inc. (NASDAQ:AVGO). Balasa Dinverno And Foltz Ltd Llc stated it has 1,598 shs or 0.06% of all its holdings. Eqis Capital reported 19,010 shs. Cibc World Corp stated it has 0.34% in Broadcom Inc. (NASDAQ:AVGO). Mitchell Mcleod Pugh & Williams Incorporated holds 0.49% of its capital in Broadcom Inc. (NASDAQ:AVGO) for 2,908 shs. Vantage Investment Advsr Lc reported 12 shs or 0% of all its holdings.

Broadcom Inc. (AVGO) chart forms a double bottom technical setup with $225.87 price target. That’s 8.00 % below today’s $245.51 stock price. Broadcom Inc. (AVGO) has $105.98 billion MC. This technical setup was posted on Jun, 29 by Finviz.com. $8.48 billion less could be AVGO valuation at $225.87 share price.

Ticker’s shares touched $245.51 during the last trading session after 0.25% change.Currently Broadcom Inc. is uptrending after 3.81% change in last June 29, 2017. AVGO has 699,764 shares volume. AVGO underperformed the S&P 500 by 8.76%.

Broadcom Inc. (NASDAQ:AVGO) Ratings Coverage

In total 34 analysts cover Broadcom Ltd (NASDAQ:AVGO). “Buy” rating has 32, “Sell” are 0, while 2 are “Hold”. (NASDAQ:AVGO) has 94% bullish analysts. With $350 highest and $25000 lowest target, Broadcom Ltd has $314.57 average target or 28.13% above the current ($245.51) price. 53 are the (NASDAQ:AVGO)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Tuesday, February 20 the rating was maintained by Mizuho with “Buy”. On Thursday, February 1 the stock of Broadcom Inc. (NASDAQ:AVGO) earned “Buy” rating by FBR Capital. In Friday, April 13 report J.P. Morgan maintained the stock with “Buy” rating. On Friday, March 16 the stock of Broadcom Inc. (NASDAQ:AVGO) earned “Buy” rating by Jefferies. On Monday, March 12 the firm earned “Outperform” rating by BMO Capital Markets. In Friday, June 8 report Craig Hallum maintained the stock with “Buy” rating. On Friday, June 8 the rating was maintained by Jefferies with “Buy”. In Monday, April 30 report Morgan Stanley maintained it with “Overweight” rating and $320 target. On Thursday, May 17 the rating was reinitiated by Cowen & Co with “Outperform”. On Monday, April 30 the firm has “Buy” rating given by Drexel Hamilton.

For more Broadcom Inc. (NASDAQ:AVGO) news published recently go to: Seekingalpha.com, Seekingalpha.com, Streetinsider.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Broadcom: Let’s See Share Reductions First” published on June 10, 2018, “Groups That Are Leading Nasdaq Higher – Cramer’s Mad Money (6/4/18)” on June 05, 2018, “Qualcomm extends NXP tender offer yet again” with a publish date: June 29, 2018, “Broadcom Shares On Pause, But The Business Isn’t” and the last “Broadcom filing: 1100 layoffs in Brocade merger” with publication date: June 14, 2018.

Broadcom Inc. (NASDAQ:AVGO) Analyst Ratings Chart

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