AVGO Tests Lower Support as EMAs Roll Over at $362.48
The stock of Broadcom Inc (AVGO) dropped 4.62% to close at $362.48 on August 20.
From a technical standpoint, the outlook appears bearish:
While EMAs remain bearish, the oversold RSI reading hints at potential support around $360.02.
The $360.02-$436.30 range defines near-term boundaries.