Watch Out for These Levels in Broadcom's Stock Price

Key TakeawaysBroadcom shares jumped in extended trading Wednesday after the chipmaker reported better-than-expected fiscal second-quarter revenue fueled by AI product sales and announced a 10-for-1 stock split.Broadcom shares have formed an ascending triangle that suggests a continuation of the current longer-term uptrend.Leading into the chipmaker’s quarterly results, the stock broke out above an ascending triangle on increasing volume, indicating bullish expectations by market participants.The measuring p ...