Broadcom (AVGO) Stock Faces Critical $320 Test Despite AI Deals

TLDR Broadcom stock trades near $326 as technical indicators point to continued selling pressure. MACD signals selling, while the CCI stands at -111.83, indicating oversold conditions. Broadcom expects quarterly AI semiconductor revenue of $21.7 billion despite recent share weakness. Analysts’ technical projections place the next trading range between $320.24 and $333.62. A break below $320.24 [...]

The post Broadcom (AVGO) Stock Faces Critical $320 Test Despite AI Deals appeared first on Blockonomi.