Broadcom (BRCM) Offering Possible 17.92% Return Over the Next 33 Calendar Days

Broadcom's most recent trend suggests a bullish bias. One trading opportunity on Broadcom is a Bull Put Spread using a strike $35.50 short put and a strike $30.50 long put offers a potential 17.92% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.50 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock dropped below the $30.50 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 24.25 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, IBM And Two Other Tech Stocks To Buy On Weakness
Mon, 20 Oct 2014 13:30:00 GMT

Broadcom Showcases End-to-End Automotive Connectivity Portfolio at Detroit SAE Convergence Event
Mon, 20 Oct 2014 12:15:19 GMT
noodls – DETROIT, Oct. 20, 2014 /PRNewswire/ — At the 2014 SAE Convergence Conference & Exhibition, Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless …

Broadcom Showcases End-to-End Automotive Connectivity Portfolio at Detroit SAE Convergence Event
Mon, 20 Oct 2014 12:00:00 GMT
PR Newswire – DETROIT, Oct. 20, 2014 /PRNewswire/ — At the 2014 SAE Convergence Conference & Exhibition, Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless …

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

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