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IntelPowerTrader
Sep 7, 2018 8:50 PM

GAP UP ON STRONG VOLUMNE + CLIMB ABOVE 50-DAY LINE Long

Broadcom Inc.NASDAQ

Description

Today Broadcom gapped up on more than double average daily volume as a result of reporting strong earnings. In the process, the stock climbed above its 50-day moving average line, an intermediate-term bullish signal.
According the the WSJ, this stock has an OVERWEIGHT consensus analyst rating and an average price target of $287.81, almost 24% higher than today's closing price.
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