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Buy Calls In Broadcom - Strong Q2 Results, Support From Avago Deal Expected -

Jun, 02nd 06:32

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Broadcom is expected to post fiscal second-quarter adjusted earnings and revenue above the company’s year-earlier results on Thursday afternoon, boosted by organic growth in its business, and early-February combination with Avago Technologies. In the most recent analyst survey, 8 analysts have assigned this stock as a Strong Buy, 21 rate it a Buy, 1 analyst believes it’s a Hold, 0 rate it Underperform and 0 rate it a Sell . On the hourly chart, AVGO last closed at 154.77, up 0.27% from the previous session. The RSI is 62.42, indicating that strong buying power is coming in consistently. The stock is expected to go up further. The next resistance to test is 157.79.

Trade suggestion

Buy Digital Call Option from 151.48 to 157.79 valid until June 3, 2016

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