Time for Investors to Take the Plunge on Broadcom Limited (NASDAQ:AVGO)

Equity Research firms currently have a positive stance on shares of Broadcom Limited (NASDAQ:AVGO). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.70. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $201.55 on a short term basis.

At the time of writing, the stock was trading at $168.83. This represents a change from the opening price of -1.04%. In terms of performance, year to date, the stock is 18.28%. The monthly stock performance comes in at -3.67%. For the quarter, shares are performing at 13.15%. Weekly performance analysis shows the equity at 2.03%.

In taking a look at technical levels, shares are trading -0.60% away from the 50 day simple moving average and 11.98% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -5.62% away from it’s 52- week high and 53.29% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Broadcom Limited’s RSI stands at 47.57. In looking at volatility levels, the shares saw weekly volatility of 2.21% and 2.52% over the past month.

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