AVGO has been trying to breach the 320-330 range for yearsAfter stellar recovery in last few months AVGO is making legitimate attempt to stay above 320 and probably break through the long-term 330 ceiling. It's got pretty strong tailwinds too:
- AAPL is going to the moon and beyond
- semiconductor ETFs are hot (again)
- it's doing workforce "consolidation" which will surely make shareholders happy
- dividend increases every quarter no matter what! koyfin.com
While there's no guarantee this will be quick and assertive breakout, AVGO is making definitive move to enter growth regime.