The Chart of the Day belongs to Avago Technologies (AVGO). I found the stock by sorting the New High List for the highest technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 8/14 the stock gained 11.69%.
AVGO is engaged in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Its product portfolio comprises RF power amplifiers, RF filters, RF front end modules, ambient light sensors, low noise amplifiers, proximity sensors, multimarket-wave mixers, diodes, fiber optic transceivers, serializer/deserializer ASICs, optical laser and receiver components, motion control encoders and subsystems, optocouplers, LEDs, and industrial fiber optics. The company’s products are used in cellular phones, consumer appliances, data networking and telecommunications equipment, enterprise storage and servers, data communications, smart phones, base stations, core routing and transport, in-car infotainment, motor controls, factory automation, displays and lighting, power isolation, power conversion, and renewable energy systems applications. It markets its products through a network of distributors and its direct sales force worldwide. The company sells products to original equipment manufacturers of wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals markets.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
100% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages10 new highs and up 18.15% in the last monthRelative Strength Index 81.02%Barchart computes a technical support level at 74.39Recently traded at 82.52 with a 50 day moving average of 73.15 [more]