Broadcom (BRCM) Offering Possible 11.11% Return Over the Next 22 Calendar Days

Broadcom's most recent trend suggests a bearish bias. One trading opportunity on Broadcom is a Bear Call Spread using a strike $30.00 short call and a strike $35.00 long call offers a potential 11.11% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $30.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $35.00 long call strike price.

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

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

The RSI indicator is at 42.41 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

Broadcom Falls 4% as Targets Rise: Wireless A Question Mark
Fri, 25 Apr 2014 23:52:00 GMT

Broadcom Paying A High Price To Stay In Mobile
Fri, 25 Apr 2014 20:45:00 GMT
Investopedia – Financial results from Irvine, Calif.-based Broadcom remain frustrating. While its networking business is rolling and broadband is solid, it continues to pay the price for tilting at mobile windmills.

4:24 pm Broadcom beats by $0.05, beats on revs; guides Q2 revs in-line
Fri, 25 Apr 2014 20:24:00 GMT

Broadcom Benefits From Strong Infrastructure And Broadband Business As Mobile Revenue Shrinks
Fri, 25 Apr 2014 19:33:27 GMT
Seeking Alpha – Leading semiconductor provider for wired and wireless communications Broadcom ( BRCM ) reported its Q1 2014 earnings on April 24. At $1.98 billion, revenue was at the upper end of Broadcom’s guided range …

Why Broadcom (BRCM) Stock Is Down Today
Fri, 25 Apr 2014 15:41:00 GMT
TheStreet – Broadcom (BRCM) fell Friday after the company issued second-quarter revenue guidance that came up just short of analysts' expectations.

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