BRCM Makes Bullish Cross Above Critical Moving Average

In trading on Wednesday, shares of Broadcom Corp. (BRCM) crossed above their 200 day moving average of $29.95, changing hands as high as $30.13 per share. Broadcom Corp. shares are currently trading up about 2.1% on the day. The chart below shows the one year performance of BRCM shares, versus its 200 day moving average:

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Broadcom Corp. 200 Day Moving Average Chart

Looking at the chart above, BRCM's low point in its 52 week range is $23.25 per share, with $37.85 as the 52 week high point — that compares with a last trade of $30.10.

According to the ETF Finder at ETF Channel, BRCM makes up 4.10% of the iShares PHLX Semiconductor ETF ( SOXX) which is trading up by about 0.7% on the day Wednesday.

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