Broadcom Stock in Focus Amid Possible $3.8 Billion Software Unit Sale—Key Levels to Watch

Key TakeawaysBroadcom shares are in focus after a news report Saturday said that the chipmaker is nearing a deal to sell its end-user computing unit to private equity firm KKR in a $3.8 billion transaction.The deal would allow Broadcom to streamline its businesses after its $69 billion acquisition last November of cloud software maker VMware.Broadcom shares may find support during retracements around $1,160 from a horizontal trendline and the rising 50-day moving average.Monitor if the price can continue to ...