The Traderszone Network

Published in TZ Latest News 6 July, 2015 by The TZ Newswire Staff

Can Chip Plays Like Avago Recover From Sell Signals?

Avago Technologies (AVGO) is back near a 136.38 buy point after a powerful breakout in late May sputtered. The stock erased a 10% profit, triggering a “round trip” sell signal, but it is trying to reassert itself. So far, shares have found support at the 50-day moving average. If Avago is able to retake its buy point in heavy trade, it would provide another opportunity to buy shares.

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