Signal: This Semiconductor Stock Has Room To Run
Chipmaker Broadcom (AVGO) has had a busy month. The semiconductor company cleared the 265.43 on June 4. One day later though, AVGO gapped lower by 5%, after the company’s fiscal-year revenue forecast fell short of estimates. The shares have battled back since then, poised to add 1.2% this week and remain a chip-shot from that peak. The good news is that Broadcom stock is flashing a historically bullish combination.The stock’s recent peak comes ami ...