Broadcom Inc. (AVGO) Is Forming Double Bottom at $245.60

June 29, 2018 - By Joshua Cleveland

Broadcom Inc. (NASDAQ:AVGO) Corporate Logo

During 2018 Q1 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 worsened. 2 rose positions while 0 funds amassed positions. Funds hold 198,376 shares thus 0.33% more from 2017Q4’s 197,722 shares.
Balasa Dinverno & Foltz Limited stated it has 0.06% in Broadcom Inc. (NASDAQ:AVGO). Gemmer Asset Mgmt Ltd Liability Company accumulated 0.01% or 127 shs. Eqis Management Inc has 19,010 shs for 0.23% of their capital. The Maryland-based Wagner Bowman Mngmt has invested 0.08% in Broadcom Inc. (NASDAQ:AVGO). Cibc Mkts Corporation has invested 0.34% of its capital in Broadcom Inc. (NASDAQ:AVGO). Mitchell Mcleod Pugh & Williams holds 0.49% in Broadcom Inc. (NASDAQ:AVGO) or 2,908 shs. First Natl Bank Of Omaha accumulated 38,700 shs. Pennsylvania-based Vantage Inv Advisors Ltd Limited Liability Company has invested 0% in Broadcom Inc. (NASDAQ:AVGO).

Broadcom Inc. (AVGO) has double bottom. It has $230.86 PT and $245.60 stock price. The chart setup points out high risk. The double bottom chart setup was announced on Jun, 29 by Finviz.com. At our $230.86 PT, the company worth will be $6.36 billion less.

AVGO is hitting $245.6 during the last trading session, after increased 0.29%.Currently Broadcom Inc. is uptrending after 3.81% change in last June 29, 2017. AVGO has 706,341 shares volume. AVGO underperformed by 8.76% the S&P 500.

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 price target, Broadcom Ltd has $314.57 average price target or 28.08% above the current ($245.6) price. 53 are the (NASDAQ:AVGO)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. The company rating was maintained by Deutsche Bank on Thursday, March 15. On Tuesday, May 1 the stock of Broadcom Inc. (NASDAQ:AVGO) earned “Buy” rating by B. Riley & Co. The company rating was maintained by Drexel Hamilton on Monday, April 30. On Friday, April 13 the firm earned “Buy” rating by Raymond James. The company rating was maintained by JP Morgan on Friday, March 16. On Friday, June 8 the stock of Broadcom Inc. (NASDAQ:AVGO) earned “Buy” rating by Jefferies. On Tuesday, May 1 the company was maintained by Citigroup. On Thursday, May 24 Evercore initiated Broadcom Inc. (NASDAQ:AVGO) with “Buy” rating. In Friday, April 13 report J.P. Morgan maintained the stock with “Buy” rating. On Friday, June 8 the stock of Broadcom Inc. (NASDAQ:AVGO) has “Buy” rating given by M Partners.

For more Broadcom Inc. (NASDAQ:AVGO) news published recently go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Groups That Are Leading Nasdaq Higher – Cramer’s Mad Money (6/4/18)” published on June 05, 2018, “Broadcom beats in Q2 with healthy wireless, storage growth” on June 07, 2018, “Broadcom filing: 1100 layoffs in Brocade merger” with a publish date: June 14, 2018, “Broadcom Shares On Pause, But The Business Isn’t” and the last “Broadcom: Let’s See Share Reductions First” with publication date: June 10, 2018.

Broadcom Inc. (NASDAQ:AVGO) Analyst Ratings Chart

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