Broadcom's Bull Run: Key Indicators Behind 100% Surge To All-Time High
Broadcom(AVGO) Benzinga·2024-06-21 15:45
Loading...Loading...Broadcom Inc. AVGO has been on an impressive upward trajectory, up 100% over the past year and increasing 56% year-to-date. The stock touched a new record high of $1,851.62 on Tuesday. Recent developments and technical indicators suggest that this bullish momentum might continue, though some caution is warranted.Key Developments Powering the SurgeBroadcom recently made headlines with its Symantec Cloud Secure Web Gateway solution receiving Federal Risk and Authorization Management Progra ...