Shares of Avago Technologies Limited (AVGO) Sees Large Outflow of Money

Avago Technologies Limited (AVGO) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (2.95 million) in Avago Technologies Limited (AVGO). On Thursday, The value of composite uptick trades was $54.55 million, whereas, the value of composite downtick trades was $57.5 million and the ratio between the two was 0.95, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $3.39 million. The negative money flow of ($3.39 million) shows selling on strength. Avago Technologies Limited (AVGO) gained $0.44 intraday at $151.07 and registrered 0.29% for the week.


Avago Technologies Limited (AVGO) stock is expected to deviate a maximum of $16.82 from the average target price of $187.82 for the short term period. 27 Street Experts have initiated coverage on the stock with the most promising target being $211 and the most muted being $130. The stock has recorded a 20-day Moving Average of 2.99% and the 50-Day Moving Average is 0.05%.

Avago Technologies Limited (NASDAQ:AVGO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $150.14 and $150.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $153.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $150.99, notching a gain of 0.24% for the day. The total traded volume was 1,924,823 . The stock had closed at $150.63 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.