Broadcom's most recent trend suggests a bearish bias. One trading opportunity on Broadcom is a Bear Call Spread using a strike $37.00 short call and a strike $42.00 long call offers a potential 16.82% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $37.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock rose above the $42.00 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Broadcom
Metaswitch to Demonstrate Next Generation of OpenFlow With BGP Lean Switch Application
Tue, 14 Oct 2014 07:00:00 GMT
Marketwired – Metaswitch Networks today announced it is using Broadcom Corporation's open-source OpenFlow Data Plane Abstraction software as part of a BGP Lean Switch solution that will demonstrate how white box switches …
Playbook Playoffs: Traders sit tight
Fri, 10 Oct 2014 16:25:00 GMT
[$$] Broadcom Boosted by Apple Win
Wed, 08 Oct 2014 17:16:00 GMT
Barrons.com – Broadcom (BRCM: Nasdaq) By JPMorgan ($40.42, Oct. 8, 2014) Post the divestiture of its cellular baseband chipset business, Broadcom management has articulated that there is $500 million-$800 million of …
Broadcom wants your help to build the internet of things
Wed, 08 Oct 2014 17:03:17 GMT
Financial Times – In a technology industry increasingly full of mobile games and vanishing photo apps, Broadcom does not stand out as playful company. The California-based group designs chips for data centres and devices. …
Broadcom Pioneers 40 GbE Quad Port Gearbox PHY
Tue, 07 Oct 2014 22:00:02 GMT
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