Stock Of The Day: Where Will The Broadcom Selloff End?

Broadcom Inc. (NASDAQ:AVGO) is consolidating Monday. On Friday, the shares fell almost 12% after the company posted earnings. They are approaching a support level. This is why Broadcom is our Stock of the Day. The selloff may stop at this level. It may even rebound after reaching it.Support is a price level, or narrow price range, where there is a large amount of buy interest. If a stock is trending lower it's because there aren't enough shares to be bought to absorb all the supply or shares for sale.Seller ...