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AmextaFinance > Investing > Stocks This Week: Buy Broadcom
Investing

Stocks This Week: Buy Broadcom

News Room
Last updated: 2023/05/02 at 8:00 PM
By News Room
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The weekly S&P cycle has been most accurate in the last year. We can see that it is going into a buy signal. All such signals in the last year have been successful.

S&P Weekly Cycle

Broadcom appears well ranked on the technical and cycles-based screens. The graphs below reflect that strength. The first chart is that of the expected return by month. Seasonally, this is a strong time interval for the stock. Over the last 14 years, the stock has risen almost 85% of the time from May 5th to June 8th. The monthly cycle has bottomed, and all 4 buy signals have been profitable in the last year. The daily graph shows superior relative strength.

By late May, the share price may be in the $640-$650 range.

Broadcom Seasonal Histogram (Expected Return)

Broadcom Monthly Cycle

Broadcom Daily Graph

Read the full article here

News Room May 2, 2023 May 2, 2023
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