Shares of Avago Technologies Limited (AVGO) Sees Large Inflow of Net Money Flow

Avago Technologies Limited (AVGO) stock had a bullish inflow of $82.98 million worth of trades on uptick and an outflow of $72.93 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.14. The net money flow into the stock was $10.04 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $5.11 million. An inflow of $3.24 million block trade was recorded on downticks. $8.35 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 2.58 in favor of the bulls. However, Avago Technologies Limited (AVGO) stock traded down $0.16 , and reached $170.7, a drop of -0.09% over the previous day. On a weekly basis, the stock is 2.43%, over the previous weeks close.

Avago

Shares of Broadcom Limited appreciated by 0.51% during the last five trading days but lost 3.49% on a 4-week basis. Broadcom Limited is up 10.46% in the last 3-month period. Year-to-Date the stock performance stands at 18.72%.

Avago Technologies Limited (AVGO) : 22 brokerage houses believe that Avago Technologies Limited (AVGO) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 25 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.1.

Avago Technologies Limited (NASDAQ:AVGO): stock was range-bound between the intraday low of $169.78 and the intraday high of $172.71 after having opened at $171.78 on Wednesdays session. The stock finally closed in the red at $171.78, a loss of -0.09%. The stock remained in the red for the whole trading day. The total traded volume was 2,084,273 shares. The stock failed to cross $172.71 in Wednesdays trading. The stocks closing price on Thursday was $170.86.

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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