Broadcom (AVGO) stock down 3.9% amid tech sector struggles, but may rally soon
From Yahoo Finance: 2025-03-26 13:01:00
Broadcom Inc (NASDAQ:AVGO) stock is down 3.9% at $181, facing its third consecutive daily decline amid tech sector struggles. Despite a 21.5% drop in 2025, shares hold a 36.6% year-over-year gain. A bullish signal indicates AVGO may rally soon. The equity is trading near its 200-day moving average, historically leading to gains. In the past three years, a similar move resulted in AVGO being higher a month later 50% of the time, with an average 10% gain. Options traders may find an opportunity now, with low option premiums.