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Broadcom Inc (AVGO) Stock: What Does the Chart Say Tuesday?

Tuesday, December 07, 2021 12:13 PM | InvestorsObserver Analysts
Broadcom Inc (AVGO) Stock: What Does the Chart Say Tuesday?

Overall market sentiment has been high on Broadcom Inc (AVGO) stock lately. AVGO receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Broadcom Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AVGO!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With AVGO Stock Today?

Broadcom Inc (AVGO) stock is trading at $589.70 as of 12:08 PM on Tuesday, Dec 7, a rise of $24.72, or 4.38% from the previous closing price of $564.98. The stock has traded between $572.00 and $590.22 so far today. Volume today is light. So far 923,117 shares have traded compared to average volume of 1,728,428 shares. To see InvestorsObserver's Sentiment Score for Broadcom Inc click here.

More About Broadcom Inc

Broadcom--the combined entity of Broadcom and Avago--boasts a highly diverse product portfolio across an array of end markets. Avago focused primarily on radio frequency filters and amplifiers used in high-end smartphones, such as the Apple iPhone and Samsung Galaxy devices, in addition to an assortment of solutions for wired infrastructure, enterprise storage, and industrial end markets. Legacy Broadcom targeted networking semiconductors, such as switch and physical layer chips, broadband products (such as television set-top box processors), and connectivity chips that handle standards such as Wi-Fi and Bluetooth. The company has acquired Brocade, CA Technologies, and Symantec's enterprise security business to bolster its offerings in infrastructure software. Click Here to get the full Stock Report for Broadcom Inc stock.

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