Blue Chip Daily Chart of the Week

Blue Chip Daily Chart of the Week:
Broadcom, AVGO
Close: 450.50
Stop level for position traders and investors: 378.42
please see chart analysis below

  • Broadcom (AVGO) is a large cap leader in the semiconductor sector and is on this week’s Members Top 25 List.
  • AVGO is in a technical uptrend above the rising 20, 50, 100 and 200-day moving averages, indicating an uptrend on multiple time frames.
  • AVGO pulled back with the market last week, with a 6.0% pullback off of all-time highs.
  • $420 and $390 are support levels on any pullback and a close over $470 could signal a new leg higher.
  • We started to take a more defensive posture on 1/22 and 1/25, by locking in gains and increasing cash. Join today to see how we are positioned going into this week:


Have a great week,

Larry Tentarelli
Disclaimer – Blue Chip Daily Trend Report










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