August 16, 2010

Broadcom Corp Near 200 DMA

  • Broadcom corporation is trading near its 200 DMA.
  • The stock has reversed from 200 DMA twice in the recent past. It is testing the 200 DMA again. If the trend line holds a reversal is possible in this stock
  • Stochastic indicator is in oversold zone. One should look for a close above 200 DMA to go long

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