Broadcom Inc. (NASDAQ:AVGO)
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- Henry: $AVGO up after CC to 318 last night. Now $340. BAC and Rosenblatt upped pt's to 400! I'll be selling into it for rebalancing purposes
- kenb: @Henry $AVGO and now $348, still running. Can it keep running? Thinking there might be some profit taking when the market opens.
- Henry: $AVGO Baird goes out on a limb with a $300 pt. I don't see how there won't be profit taking at the open.
- StockMarketMentor: Broadcom ($AVGO) traders: If you've got a position in $AVGO, it's a good idea to be selling into this strength. We're just 5 minutes into the trading and the stock is still holding up pretty well, with at 351.95 VWAP. The risk from here is to the downside rather than the risk of missing out on upside. There's just not enough demand to push this stock back to new highs today. It was up more than 15% at the open. Now at 13.5%. Take the W and say "Thank you." -Dan
- joelsg1: $AVGO Happy for the beat/raise and last night's call spreads have filled, almost 2x the implied move, but it's a bit much to reprice $NVDA on these results as it's not a zero-sum game. Watching that $165 level for Nov. spreads and started a few $165-190s.
- joelsg1: @djgustoso $SCHW $PLTR $HOOD $NVDA For $NVDA, money moving to $AVGO after last night's E because underweight compared with $NVDA which everyone owns (for good reasons). For PMs, they'll want to show $AVGO on their holdings sheets at end of this month/Q. This rotation won't last too long.
- woodman: $AVGO after the bell today.
- traderbren: $AVGO - Pre-earnings options volume in Broadcom is normal with calls leading puts 5:4. Implied volatility suggests the market is anticipating a move near 4.8%, or $14.75, after results are released. Median move over the past eight quarters is 7.8%.
- joelsg1: $AVGO I've done well trading over E with this one. Implied move about $15. So dropped a few 9/26 $310-325 call spreads.
- traderbren: @joelsg1 $AVGO - current bid at 5.50 on the 9/26 $310-325 call spread. $950 max gain or potential loss of $550
- ReneeH: @traderbren $AVGO seeing ~6% +/- implied move, could get jiggy and move $SOXL a good proxy bet imo.
- joelsg1: @traderbren $AVGO That's if not adjusted, but I'm looking to build a share pos. here so if spread fills I'll probably roll the short leg up/out for credit and exercise at $310, or perhaps roll the whole spread out. Even a near-double for risking 1.5% of share price OK to leave spread alone thru expiry.
- traderbren: @joelsg1 $AVGO - agreed. Thanks for sharing your thoughts / strategy.
- Henry: $AVGO Down Up Down for the record, they beat and raised.
- Henry: $AVGO They are looking for 63% growth in AI. That settled the Street''s flip flops. $315 in ah
- kenb: @Henry $AVGO actually hit $320, an ATH. Nice!
- Vcondry: $CRDO strong start to the AH earnings ... hopefully $AVGO gives us good news too
- woodman: $AVGO - heartening bounce off the 50d.
- ReneeH: @woodman $AVGO contemplating rhrn. we're usually aligned...in similar news, picked up more $NET
- Henry: @ReneeH $AVGO earnings are on Thursday Renee
- woodman: @Henry $AVGO - Thanks for that reminder.
- ReneeH: @Henry $AVGO yes thank you. Np $AVGO, have $NET.
- woodman: $AVGO nice move today. Long from lower.
- Henry: $AVGO Sold off after hitting new high, now starting a come back long
- woodman: @Henry $AVGO - Long as well.
- cgendro1: @Henry $AVGO - Earnings 9/4 AMC
- ReneeH: $AVGO best looking leader imo, tapping 21d
- Vcondry: @ReneeH $AVGO i'd add to that $LRCX which looks a bit better right now at a risk reward profile.
- cgendro1: @ReneeH $AVGO- the 21d has been a good buy point. EPS Sept 4th
- ReneeH: @Vcondry $AVGO $LRCX +$KLAC on my list
- woodman: Quite a day. Among other things that I sold, I got out of my short term/trading shares of the Big 3: $NVDA $PLTR $AVGO. I still have long term NVDA and PLTR shares.
- ThomasPersohn: semi fabless $AVGO holding near 8 dma, 21 dma, & $300/share; not falling badly like semi-equipment makers
- RD: $GOOGL $APP $AVGO Tiger Global Mx buys more GOOGL, APP and AVGO.
- Mikev200: $LRCX nice today, watching $AVGO next
- Mikev200: $AVGO added
- Vcondry: @Mikev200 $AVGO well thats a beautiful chart on the daily and weekly.
- Vcondry: @Mikev200 $AVGO see $LRCX also very similar charts ... looked at the monthly and said "why do i make this so hard" lol.
- woodman: @Mikev200 $AVGO - currently my third largest trading position.
- Mikev200: @Vcondry $AVGO $LRCX I had $LRCX! stopped out somewhere along the way.....now $AVGO looks purty....er LOL
- Mikev200: @woodman $AVGO NICE! I also have a call on it so hoping to juice my way back into this.
- woodman: $NVDA $AVGO - have been easy riders. Long both. Earnings still weeks away.
- cgendro1: @woodman $NVDA $AVGO - I also have $CRDO which has been the same. These along w $ANET have been nice prints for me
- woodman: @cgendro1 $NVDA $AVGO $CRDO $ANET - I'm in rocket ship $ANET as well.
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StockMarketMentor: ...
$AVGO -- still going
$NET - moving along 8dma
$RBLX -- pressure relief. Back on trend. Note declining volume on post-earnings move.
$GOOGL -- weekly. Go or no?
$RGTI -- watchin 8/12
-Dan
- woodman: @djgustoso $NVDL $META $NVDA - I also have a good bit of (though not as much) $AVGO, which essentially has followed $NVDA.
- cgendro1: $CRDO- continues it's move. Up 3.5% so far. Reports 9/2. Long $AVGO- moving through $300. Closed a spread for 65%. My short strike was 300. Looking to get back in. Reports 8/28
- Mikev200: $AVGO HOD
- woodman: $AVGO - one I worked up to my desired position size and have just been holding. Very orderly ascent. No earnings reporting on the near term horizon. It's last earnings report was 6/5, which resulted in a brief pullback to the 20d area and provided a nice buy/add spot.
- ReneeH: @woodman $AVGO great pick! Roppel magic elixer fwiw. Love the semi's here.
- woodman: @ReneeH $AVGO - I know some are trying to see where things are going next with sectors that haven't worked so great thus far since the April bottom and/or that appear to be starting to move in the right direction again, but I've been sticking with wh ...
- ReneeH: @woodman $AVGO literally you just described one of my most personal inner challenges. Well done, I like your analysis, very aligned.
- woodman: @ReneeH $AVGO - Perhaps it's just knowing myself and my limitations after all these years. "Perfect is the enemy of good." When I try to time perfectly what I think is a big sector change about to happen, it often comes at the cost of what ...
- kenb: @woodman $AVGO holding an investment position as well. Been riding the 8d since Liberation Day in April. Very involved in the hyperscaler datacenter space, along with owning VMware and other assets. Testing its ATH as well. A low-maintenance employee, what could be better?
- woodman: @kenb $AVGO - Great stuff!
- Mikev200: $AVGO boom
- RD: @Mikev200 $AVGO It would be a new 52 wk high if it can hold after market gains.
- Mikev200: $AVGO starter
- scottrades: My notes: $SPY Trending up $QQQ Sideways but in trend $IWM Higher High $IGV Cyber Security stocks getting hit today $XLF Holding the 8 EMA $XHB Above the 200 Day $JETS Gap and go $IBIT Breaking out on volume $BITX Leveraged BTC. $SSO Holding in trend. $QLD Holding in trend. $NVDA Working $AMD Holding above short term resistance. $KLAC In trend $SMCI Trying to go but not a great close. $AAPL Support at yesterday's low $GOOGL Short flag. Watch 181 $MSTR Curling up $COIN New high $PINS Support at the 21 EMA. Watch 36.50 $FTNT No bounce at the 50 Day $CRWD Closed at the lows. $AVGO Down to the 8 EMA $RACE Going $RBLX Watch 108 $HOOD Still in trend $V Watch 395.70
- scottrades: My notes: $SPY Taking a breath $QQQ Trend is still fine $IWM Trend is still fine $GLD Selling off a bit $SMH Still strong $IBIT Watch 63 $XHB Bounce off the 8 EMA $SSO Consolidating near the highs $QLD Consolidating near the Highs $ARKK Still in an uptrend. $SNOW Watch for a close over 226 $MU Support at the 21 EMA $KLAC Watch 928.05 $LRCX Trending up $FTNT Bounce off the 50 Day $CRCL Watch for it to hold the 8 EMA $CALM Support at the 21 EMA $PLTR Support at the 50 Day $RACE Small flag $ZS Buyers into the close $FUTU Trying to gap and go $UBER Higher High $AVGO Watch 277.80 $FIVE Watch 134.40 $SRM Flag $GE Watch 249.60
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StockMarketMentor: ...
Bottom line: The shift into small and midcap stocks is real. The momentum stocks definitely unwound yesterday. The ones that stood out were $SPOT $SE $RBLX $NVDA $AVGO $AMD $NFLX and $META. When they all go at once, you know something's happening ... - Mikev200: $AVGO working
- Henry: $AVGO breaking out long
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scottrades: ...
$AVGO Watch 257.30
$ALAB Watch for a close over 100
Let’s finish the week strong!
Scott
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scottrades: ...
The Semiconductor index $SMH is now back near the highs from early January. Keep an eye on $NVDA, $KLAC and $AVGO.
Here are some other stocks I’m watching:
$GLD Pulled back to the 8 EMA
$KGC Watch 15.90
$AMZN Watch 218.40
$SMCI Watch 44.60
... - traderbren: $AVGO - may see a trade up to 259.06 to close the gap.
- RD: $AVGO Back above the 8ema
- woodman: @RD $AVGO - Good eye.
- Henry: $AVGO keep an eye out for Champ's 3 green bars on the 5, long long term
- Henry: $AVGO putting in a hammer on the daily Biggest position
- Henry: $AVGO I bought this when it and a 3 or 4% yield. They report Thursday
- joelsg1: $AVGO Trimmed, E tomorrow.
- woodman: $AVGO all time high.
- cgendro1: @woodman $AVGO Reporting on 6/5
- Sanelan: $AVGO hi team, anyone seen any news on AVGO as to why we see this reaction off the lows today to the upside? Any fresh news out there please?
- cgendro1: @Sanelan $AVGO They report earnings on 6/5. They announced enhancements to VMware Tanzu Cloudhealth....I'm clueless on it!
- Sanelan: @cgendro1 $AVGO many thanks
- BarryC: I just bought $AVGO
- Mikev200: $AVGO likes $NVDA earnings
- Cashmere: @Mikev200 $AVGO $NVDA $AI reacting well
- BarryC:
- BarryC: @BarryC #FWIW $AVGO "Textbook"
- billyzeke: @BarryC $VRT $NVDA $CRWD $TSLA #FWIW Those were definitely the correct buy points, no argument there. I was just saying that both AVGO and VRT are closely tied to NVDA and with a bad report they would have been squashed this evening. I actually had an alert set there on $AVGO but didn't buy because NVDA is my largest position and I didn't want to take on anymore chip risk.
- BarryC: @billyzeke $VRT $NVDA $CRWD $TSLA $AVGO #FWIW Who said anything about you adding or managing your positions? I have no idea what you even own. I posted those pivots here this afternoon AS I bought them like I ALWAYS do AND like I did with $CRWD & $TSLA. I'm not correct all the time be any streach, I'm simply saying, I wouldn't (and didnt care) about $NVDA's report tonight becasue I bought the "pattern" alone. Like, I said, I don't trade MY/ANY opinion.
- billyzeke: @BarryC $VRT $NVDA $CRWD $TSLA $AVGO #FWIW Wow, I was just making conversation....never mind.
- BarryC: @billyzeke $VRT $NVDA $CRWD $TSLA $AVGO #FWIW I'm very sorry you took offense to my comment.... I was only share what I do and what I see. By all means and no disrespect, you do you.
- billyzeke: @BarryC $VRT $NVDA $CRWD $TSLA $AVGO #FWIW I meant no disrespect to you either, I like to see your posts because we are usually looking at the same things. I wasn't asking for advice on managing positions I was just chatting with you.
- BarryC: @billyzeke $VRT $NVDA $CRWD $TSLA $AVGO #FWIW Sometimes things get taken outta context in writitng.... I truly meant no disrespect. Please forgive me.
- billyzeke: @BarryC $VRT $NVDA $CRWD $TSLA $AVGO #FWIW It's all good, no worries.
- joelsg1: $AVGO Strong above the 8d with no pb for 1 month into E 6/5. Long.
- ruskinq2: $AVGO long calls
- joelsg1: @ruskinq2 $AVGO Me too.
- joelsg1: $AVGO Strong above that $200 and inverse H&S; waiting for Godot pb (that might never come).
- Motorman: @joelsg1 $AVGO Saw your post yesterday, looks like a bigger Inverse H&S might be in play to $240
- joelsg1: @Motorman $AVGO Yessir!
- joelsg1: $AVGO Looks to have completed inverse H&S at $200 and my May $185-200 call spreads are close to filling. If it closes above $200 have to expect a retest and that would be my add level. E 6/11.
- pperlroth: @joelsg1 $AVGO good call on the inverse head and shoulder pattern!
- kenb: $AVGO doing what #Dan mentioned in last night's Fitz in Forty. Broadcom's board of directors has authorized a share repurchase program of up to $10 billion. The Palo Alto, Calif. , chip and software company said Monday the share buyback period extends until Dec. 31 .
- vitoB: Was going through the semis on the thought that if this is an or the bottom semis were first in and could be first out. Almost all have hit 52 week lows past 3 days but $ON and $TER actually closed above fridays open. So I’m starting some in these and have $AVGO $NVDA and crazy to say $INTC looks bottoming and the expectations here could not be lower imo
- DAN: @kenb $AVGO #Dan Great title. That'll be the last time I do that again. Too much content for people to digest in a day.
- billyzeke: @DAN $AVGO #Dan It was good stuff though.
| Stock Price | $390.24 |
| Change | 2.42% |
| Volume | 24,707,300 |
Avago Technologies Ltd. is engaged in manufacturing semiconductor products such as optoelectronics, radio-frequency and microwave components, and application-specific integrated circuits.
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