Broadcom fate depends on China trade

AVGO earnings report:
AVGO Q2 earnings surpass estimates

Q2 quarterly report represents an earnings surprise of 0.77%. A quarter ago, it was expected that this chipmaker would post earnings of $5.19 per share when it actually produced earnings of $5.55, delivering a surprise of 6.94%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

We saw a drop of 12% after hours. Today it regain 6%. If AVGO stays above the 200SMA we could see a big potential upside.

Please check chart for more information on specifics.

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