Broadcom Inc. (AVGO) Stock Formed Double Bottom Chart Pattern

June 29, 2018 - By Ashley Bratcher

Broadcom Inc. (NASDAQ:AVGO) Corporate Logo

Big Money Sentiment decreased to 0.67 in 2018 Q1. It has change of 1.00, from 2017Q4’s 1.67. The ratio fall due to Broadcom Inc. positioning: 1 sold and 2 reduced. 0 funds amassed stakes and 2 increased stakes. Investors holded 197,722 in 2017Q4 but now own 198,376 shares or 0.33% more.
Balasa Dinverno Foltz Ltd Company reported 1,598 shs. Gemmer Asset Management Ltd Liability Corporation reported 0.01% in Broadcom Inc. (NASDAQ:AVGO). Eqis Cap Mngmt holds 19,010 shs or 0.23% of its capital. 38,700 are owned by First Bank & Trust Of Omaha. Mitchell Mcleod Pugh Williams accumulated 2,908 shs or 0.49% of the stock. Wagner Bowman Mngmt accumulated 1,266 shs. Cibc World holds 134,755 shs. Vantage Advsr Ltd Liability reported 0% of its capital 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.

The stock increased 0.29% or $0.7 during the last trading session, reaching $245.6.Broadcom Inc. has volume of 706,341 shares. Since June 29, 2017 AVGO has risen 3.81% and is uptrending. AVGO underperformed the S&P500 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”. 94% are bullish. With $350 highest and $25000 lowest PT Broadcom Ltd has $314.57 average PT or 28.08% above the current ($245.6) price. 53 are the (NASDAQ:AVGO)’s analyst reports since January 31, 2018 according to StockzIntelligence Inc. On Friday, April 13 the firm has “Buy” rating given by Raymond James. On Friday, June 8 the stock of Broadcom Inc. (NASDAQ:AVGO) earned “Buy” rating by Jefferies. On Thursday, May 24 the stock of Broadcom Inc. (NASDAQ:AVGO) earned “Buy” rating by Evercore. On Thursday, February 1 the rating was maintained by FBR Capital with “Buy”. On Friday, March 16 Robert W. Baird maintained Broadcom Inc. (NASDAQ:AVGO) rating. Robert W. Baird has “Buy” rating and $315.0 target. On Wednesday, April 25 the firm earned “Buy” rating by Piper Jaffray. The stock rating was maintained by Morgan Stanley with “Overweight” on Monday, March 19. On Monday, April 30 the stock of Broadcom Inc. (NASDAQ:AVGO) earned “Overweight” rating by Morgan Stanley. On Thursday, March 15 the stock of Broadcom Inc. (NASDAQ:AVGO) has “Buy” rating given by Canaccord Genuity. The stock rating was downgraded by Nomura to “Hold” on Wednesday, May 9.

For more Broadcom Inc. (NASDAQ:AVGO) news announced briefly go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Broadcom filing: 1100 layoffs in Brocade merger” announced on June 14, 2018, “Broadcom: Let’s See Share Reductions First” on June 10, 2018, “Groups That Are Leading Nasdaq Higher – Cramer’s Mad Money (6/4/18)” with a publish date: June 05, 2018, “Broadcom beats in Q2 with healthy wireless, storage growth” and the last “Broadcom Shares On Pause, But The Business Isn’t” with publication date: June 11, 2018.

Broadcom Inc. (NASDAQ:AVGO) Analyst Ratings Chart

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