Broadcom Stock Slumps Amid Momentum Shift—Key Price Levels to Watch

Key TakeawaysBroadcom shares fell nearly 4% on Monday, joining a sell-off in other leading chipmakers, as investors booked profits in some of this year’s best performing stocks that have ridden Wall Street's AI wave.Momentum appeared to shift in Broadcom shares last Tuesday after the stock climbed to a new record high but staged an intraday reversal to close lower for the day. Since then, the stock has formed three consecutive red bars on above-average volume, indicating selling conviction.Key retracement l ...