Stock Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
BROADCOM LTD ORDINARY SHARES (NASDAQ:AVGO)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AVGO
The long term trend has been DOWN since Jan 30th, 2018 at 237.51
The intermediate term trend has been DOWN since Jun 25th, 2018 at 253.74
The short term trend has been UP since Jul 19th, 2018 at 209.88
Smart Scan Analysis for AVGO
Based on a pre-defined weighted trend formula for chart analysis, AVGO scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||274.26||Year High Date||2018-01-05|
|Year Low||197.457||Year Low Date||2018-07-12|
|52wk High||285.68||52wk High Date||2017-11-27|
|52wk Low||197.4567||52wk Low Date||2018-07-12|
|Year End Close||31.6508||Average Volume||6,971,966|
|Shares Outstanding||245,742||Short Interest||1,767,981|