AVGO Bands Narrow to Multi-Week Lows at $401.11
The stock of Broadcom Inc (AVGO) climbed 3.20% to close at $401.11 on July 10.
The technical picture is bullish:
Momentum
RSI at 53.9 is neutral but improving. MACD is bullish (-6.72 vs signal -9.17).
Moving Averages
The 9-day EMA ($381.72) and 21-day ($386.47) offer no clear directional bias currently.
Volatility
Volatility has been compressing for 5 sessions (TTM Squeeze active), often a precursor to directional moves.
Traders are watching $356.90 on the downside and $405.84 on the upside.
