Comments on: AVGO Trade Setup https://rightsideofthechart.com/avgo-trade-setup/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:19:56 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: davenchop https://rightsideofthechart.com/avgo-trade-setup/#comment-1167 Thu, 24 Mar 2016 03:43:29 +0000 http://rightsideofthechart.com/?p=170400#comment-1167 how bout this for a contrarian indicator………

Out of 29 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 28 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 97% are positive. Avago Technologies Limited was the topic in 44 analyst reports since August 4, 2015 according to StockzIntelligence Inc. B. Riley & Co initiated the stock on February 26 with “Buy” rating.

]]> By: snipertrader https://rightsideofthechart.com/avgo-trade-setup/#comment-1151 Mon, 21 Mar 2016 15:29:49 +0000 http://rightsideofthechart.com/?p=170400#comment-1151 @rsotc Thanks Randy for your work on this one to take a closer look. BTW, my fundamental/relative backdrop on this one is that AVGO ( being the bell weather in their sub sector – communications semis) held up so incredibly well and never really broke down ( while most other semi’s did break down really hard in over the last 6 months on a rolling basis ), that AVGO’s turn to break down and give up the game ( if we are really entering a bear market ) is just a matter of time and therefore potential much higher R/R on this than NDX or XSD/SOXX. Of course if we are still in a big bad bull market, then AVGO on the flip side would appear to be the leader to the upside in their sub sector based on their incredible relative strength exhibited in what would then have turned out to be a giant consolidation. Either way a potential play. R/R to the downside now, but if bull re-asserts and confirms the AVGO prime candidate for continued new highs to emerge due to no overhead resistance if it successfully holds it’s break out combined with their bell weather status in their space. So a little for the bears and bulls here! Thx.

]]>