Stock Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
BROADCOM LTD ORDINARY SHARES (NASDAQ:AVGO)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Mar 21st, 2018 at 240.23
The short term trend has been DOWN since Mar 16th, 2018 at 255.15
Smart Scan Analysis for AVGO
Based on a pre-defined weighted trend formula for chart analysis, AVGO scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||274.26||Year High Date||2018-01-05|
|Year Low||224.9||Year Low Date||2018-02-06|
|52wk High||285.68||52wk High Date||2017-11-27|
|52wk Low||208.44||52wk Low Date||2017-04-12|
|Year End Close||31.6508||Average Volume||4,329,509|
|Shares Outstanding||245,742||Short Interest||1,767,981|