AVGO stock closes 10.43% lower, below all three daily averages
Photo: The Cryptonomist
AVGO stock has a bearish daily setup, with Broadcom below all three daily exponential moving averages and its lower Bollinger band. The hourly chart confirms that bias. However, oversold short-term RSI readings and a positive 15-minute MACD histogram complicate the timing, rather than overturning the daily view. Key takeaways AVGO closed Thursday at $291.53 , down 10.43% , below all three daily EMAs: the 20-session at $333.76, the 50-session at $348.51, and the 200-session at $358.56.
Source: The Cryptonomist
