Broadcom (BRCM) Offering Possible 12.11% Return Over the Next 24 Calendar Days

Broadcom's most recent trend suggests a bullish bias. One trading opportunity on Broadcom is a Bull Put Spread using a strike $39.50 short put and a strike $34.50 long put offers a potential 12.11% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $39.50 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $34.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Broadcom is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Broadcom is bullish.

The RSI indicator is at 63.55 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Broadcom

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Wed, 29 Oct 2014 13:19:36 GMT

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Broadcom Foundation and Society for Science & the Public Announce 2014 Broadcom MASTERS National Science Fair Winners
Wed, 29 Oct 2014 00:52:00 GMT
PR Newswire – Holly Jackson (age 14) of San Jose, Calif., wins $25,000 Samueli Foundation Prize in honor of overall STEM excellence and for her research and analysis of the compatibility, strengths and efficiency of fabric and stitching materials Broadcom Foundation and Society for Science & the Public (SSP) today announced the top winners of the 2014 Broadcom MASTERS® national STEM (science, technology, engineering and math) competition for sixth, seventh and eighth graders. Broadcom Foundation and SSP also announced winners in the categories of Science, Technology, Engineering, Math and Rising Stars. Learn more and congratulate the winners of the 2014 Broadcom MASTERS competition at http://www.broadcomfoundation.org/masters/winners and https://student.societyforscience.org/broadcom-masters. “Congratulations to Holly, Sahar and the entire Broadcom MASTERS class of 2014, whose STEM skills and collaborative team spirit represent the critical array of diversified talent needed to innovate solutions for the world's grand challenges in technology, communications, healthcare, transportation, energy and environmental sustainability,” said Paula Golden, President and Executive Director, Broadcom Foundation and Director, Community Affairs, Broadcom Corporation.

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Tue, 28 Oct 2014 17:04:09 GMT

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