TECH - Broadcom's Strong Technical Setup Bullish Trend Ahead Of Earnings | Benzinga
Broadcom Inc (NASDAQ:AVGO), will be reporting its first-quarter earnings on March 7. Wall Street expects $10.26 in EPS and $11.71 billion in revenues as the company reports after market hours.
The company is part of the AI5 group of stocks – which the markets expect to grow on the back of artificial intelligence. The stock is up over 112% in the past year; climbing over 20% YTD.
Here's how the stock is technically setup ahead of earnings, and how the stock currently maps against Wall Street estimates.
Broadcom Stock Technical Setup Ahead Of Earnings
As the company prepares to report Q1 earnings, the technical setup for Broadcom stock reveals a strongly bullish trend. The share price consistently remains above its 5, 20, and 50-day exponential moving averages. However, ...