Avago Technologies Limited (AVGO) Shares are Up 6.51%

Avago Technologies Limited (AVGO) has been under a strong bear grip, hence the stock is down -0.09% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.94% in the past 1 week. The stock has risen by 6.51% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.11% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.53% and the 50-Day Moving Average is 2.48%.The 200 Day SMA reached 14.87% Broadcom Limited is up 10.1% in the last 3-month period. Year-to-Date the stock performance stands at 19.1%.


Avago Technologies Limited (AVGO) : The highest short term price target forecast on Avago Technologies Limited (AVGO) is $217 and the lowest target price is $160. A total of 23 equity analysts are currently covering the company. The average price of all the analysts is $200.26 with a standard deviation of $11.67.

For the current week, the company shares have a recommendation consensus of Buy. Avago Technologies Limited (NASDAQ:AVGO): stock was range-bound between the intraday low of $169.85 and the intraday high of $172.99 after having opened at $172.42 on Fridays session. The stock finally closed in the red at $172.42, a loss of -0.86%. The stock remained in the red for the whole trading day. The total traded volume was 8,306,671 shares. The stock failed to cross $172.99 in Fridays trading. The stocks closing price on Thursday was $171.24.

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.

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