Broadcom Offering Possible 7.07% 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 $31.00 short put and a strike $26.00 long put offers a potential 7.07% 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 $31.00 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock dropped below the $26.00 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 at 65.94 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

Enea Demonstrates Open Event Machine Implementation on Broadcom XLP Architecture at MWC
Thu, 13 Feb 2014 13:14:19 GMT
noodls – Technical / Product Related For multi-core applications demanding high performance in data plane/fast path packet processing STOCKHOLM, Sweden, February 13, 2014. Enea (NASDAQ OMX Nordic:ENEA) a world …

Firm says NFC chip usage to jump, Cnet reports
Wed, 12 Feb 2014 18:42:30 GMT
theflyonthewall.com – Firm says NFC chip usage to jump, Cnet reports

Broadcom and NSN Demonstrate Category 6 LTE-Advanced 300 Mbps On Live Commercial Network from Elisa
Wed, 12 Feb 2014 09:47:16 GMT
noodls – Milestone Delivers 2X the Speed of the Fastest LTE Generally Deployed Today IRVINE, California and ESPOO, Finland – February 11, 2014 Broad Corporation (NASDAQ: BRCM), Nokia Solutions and Networks (NSN) …

Broadcom and NSN Demonstrate Category 6 LTE-Advanced 300 Mbps On Live Commercial Network from Elisa
Tue, 11 Feb 2014 16:11:05 GMT
noodls – IRVINE, Calif. and ESPOO, Finland, Feb. 11, 2014 /PRNewswire/ — Broadcom Corporation (NASDAQ: BRCM), Nokia Solutions and Networks (NSN) and Finnish operator Elisa today announced the first ever demonstration …

Broadcom and NSN Demonstrate Category 6 LTE-Advanced 300 Mbps On Live Commercial Network from Elisa
Tue, 11 Feb 2014 13:00:00 GMT
PR Newswire – IRVINE, Calif. and ESPOO, Finland, Feb. 11, 2014 /PRNewswire/ — Broadcom Corporation (BRCM), Nokia Solutions and Networks (NSN) and Finnish operator Elisa today announced the first ever demonstration of LTE Advanced (LTE-A) carrier aggregation Category 6 (Cat 6) data rates of 300 Mbps on a live commercial network in the Nordic Countries. The end-to-end test was completed on Elisa's commercial LTE network in Finland with Broadcom's LTE-A Cat 6 technology using inter-band carrier aggregation and NSN's Flexi Multiradio 10 Base Station. The test was performed by aggregating two 20 MHz channels in the 1800 MHz band (LTE Band 3) and the 2600 MHz band (LTE Band 7) to reach speeds of 300 Mbps. “LTE-A Category 6 is the number one priority for operators as they look to deploy the next speed enhancement to their networks,” said Robert Rango, Executive Vice President and General Manager, Mobile and Wireless Group, Broadcom.

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