Broadcom (BRCM) Offering Possible 7.53% Return Over the Next 9 Calendar Days

Broadcom's most recent trend suggests a bullish bias. One trading opportunity on Broadcom is a Bull Put Spread using a strike $38.00 short put and a strike $33.00 long put offers a potential 7.53% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $33.00 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 above 80 which suggests that the stock is in overbought territory.

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

Q2 stock outperformers
Thu, 12 Jun 2014 17:03:00 GMT

Qualcomm EPS Boost Seen From China 4G, iPhone 6
Thu, 12 Jun 2014 16:33:00 GMT

Broadcom Enables Ultra HD Broadcast of 2014 World Cup Games
Thu, 12 Jun 2014 12:00:00 GMT
PR Newswire – IRVINE, Calif., June 12, 2014 /PRNewswire/ — News Highlights: Globosat live broadcast brings World Cup games in 4k resolution to Globosat's SPORTV channel Collaboration with Pay-TV operators in Brazil …

Broadcom: 7 Different Insiders Have Sold Shares This Month
Wed, 11 Jun 2014 15:50:43 GMT

Broadcom Baseband Business Exit Earns Positive Report
Tue, 10 Jun 2014 16:06:00 GMT

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