Broadcom Up 10% Post-Stock Split: Strong Bullish Indicators With 12 Days To Go
Portfolio Pulse from Surbhi Jain
Broadcom Inc. (NASDAQ:AVGO) has surged over 10% following the announcement of a 10-for-1 stock split. The company has shown strong financial performance, beating earnings and revenue expectations. Technical indicators and investor sentiment suggest continued bullish momentum ahead of the stock split scheduled in 12 days.
July 03, 2024 | 1:10 pm
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Broadcom Inc. (NASDAQ:AVGO) has seen a 10% increase in stock price following the announcement of a 10-for-1 stock split. The company reported strong financial results, beating both earnings and revenue expectations. Technical indicators suggest continued bullish momentum.
The announcement of a 10-for-1 stock split has driven significant investor interest, leading to a 10% increase in Broadcom's stock price. The company's strong financial performance, with earnings and revenue surpassing expectations, further supports the bullish sentiment. Technical indicators such as moving averages, MACD, and RSI all point to continued upward momentum.
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