Broadcom ( BRCM) This is a provider of semiconductor for wired and wireless communications. This stock is trading up 4.5% at $34.87 in recent trading. Today's Volume: 15,300,000 Average Volume: 8,890,410 Volume % Change: 104%
From a technical standpoint, BRCM has started to gap up back above its 200-day moving average of $33.80 today on monster volume. This stock has been extremely strong of late with shares trading up from its December low of $27.59 to its current price just under $35 on heavy volume. Market players should now look for long-biased trades in BRCM if this stock can manage to close above the 200-day and near its daily highs. If we get that action, I would look for long-biased trades and more upside for BRCM. Some targets are $36 to $38.25 if the uptrend continues.