Broadcom (BRCM) Offering Possible 6.61% Return Over the Next 11 Calendar Days

Broadcom's most recent trend suggests a bearish bias. One trading opportunity on Broadcom is a Bear Call Spread using a strike $39.00 short call and a strike $44.00 long call offers a potential 6.61% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $39.00 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $4.69 would be incurred if the stock rose above the $44.00 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 24.85 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 Announces Conference Call to Review Third Quarter 2014 Financial Results
Tue, 07 Oct 2014 12:00:00 GMT
PR Newswire – IRVINE, Calif., Oct. 7, 2014 /PRNewswire/ — Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductors for wired and wireless communications, will conduct a conference call with …

Insider Trading Alert – CRZO, BRCM And IBKR Traded By Insiders
Mon, 06 Oct 2014 14:45:00 GMT

Broadcom Introduces Industry's First 40GbE Quad Port Gearbox PHY
Mon, 06 Oct 2014 12:00:00 GMT
PR Newswire – IRVINE, Calif., Oct. 6, 2014 /PRNewswire/ — News Highlights: Converts 2 X 20 Gbps switch signaling to standard 40G Ethernet at 4 X 10 Gbps Integrated module controls ease routing congestion on high density …

Apple Watch production said delayed until January
Fri, 03 Oct 2014 18:05:00 GMT

New month and we are off to a very rocky start…
Wed, 01 Oct 2014 20:37:00 GMT

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