Avago Technologies Limited (AVGO) : Traders are bullish on Avago Technologies Limited (AVGO) as it has outperformed the S&P 500 by a wide margin of 9.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.94%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.27% in the last 1 week, and is up 9.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.6% and the fifty day Moving Average is 8.96%. Broadcom Limited is up 15.93% in the last three month period. Year-to-Date the stock performance stands at 22.84%.
Avago Technologies Limited (AVGO) stock is expected to deviate a maximum of $12.59 from the average target price of $191.13 for the short term period. 24 Street Experts have initiated coverage on the stock with the most promising target being $211 and the most muted being $160.
Avago Technologies Limited (NASDAQ:AVGO): stock turned positive on Friday. Though the stock opened at $176.83, the bulls momentum made the stock top out at $178.65 level for the day. The stock recorded a low of $175.13 and closed the trading day at $177.16, in the green by 0.64%. The total traded volume for the day was 2,258,599. The stock had closed at $176.04 in the previous days trading.
Avago Technologies Limited (Avago) is a designer, developer and global supplier of a range of analog semiconductor devices. The Company focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. The Company operates through four segments: wireless communications, enterprise storage, wired infrastructure and industrial & other. The wireless communications segment supports the wireless industry with a range of radio frequency (RF) semiconductor devices. The enterprise storage segment consists of LSI Corporations (LSIs) storage products and PLX Technology, Inc.s (PLXs) peripheral component interconnect express (PCIe) switches and bridges. The wired infrastructure segment supplies transceivers that receive and transmit information along optical fibers in the storage and Ethernet networking markets. The industrial & other segment provides a range of products for the general industrial and automotive markets.