The Nasdaq is up 0.88% while the S&P 500 has gained 0.67%.
Recent Key Deals
Last week, the company on Wednesday introduced the Arcot Smart Ruleset, a machine learning-powered 3-D Secure (3DS) engine designed to detect and prevent e-commerce payment fraud, including unauthorized card transactions and account takeover attempts.
Last month, Broadcom secured the high-bandwidth memory (HBM) and advanced-node manufacturing capacity at Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) needed to support its AI chip production through 2028, easing concerns about potential supply shortages.
AVGO Technical Levels: Key Support and Resistance to Watch
Broadcom is holding near the upper end of its 52-week range after a powerful 12-month run, which keeps the longer-term trend pointed higher even as the stock cools off. It's trading 16.9% above its 20-day simple moving average (SMA) and 11.3% above its 100-day SMA, a setup that indicates buyers have controlled both the short-term and intermediate trend.
The relative strength index (RSI), a momentum gauge, is 73.13, which is in overbought territory and often lines up with choppier trading or pauses. RSI at 73.13 shows momentum is still strong, but it also signals the stock is getting "crowded" on the buy side.
Key Resistance: ...
