Avago Technologies Makes a Move: Down 1.3%

Published on Wed, 03/27/2013 - 12:27
By Mallory Stone in Market movers, AVGO, avago technologies, market movers, nasdaq:avgo

Avago Technologies (NASDAQ:AVGO), a company whose shares are moving quickly, is trading 1.3% lower to $35.34. The S&P is trading lower by 0.3% to 1,559 and the Dow is trading 0.3% lower to 14,513.

Avago Technologies (NASDAQ:AVGO) has potential upside of 16.6% based on a current price of $35.34 and analysts' consensus price target of $41.20. The stock should find initial support at its 50-day moving average (MA) of $34.91 and further support at its 200-day MA of $34.48.

Avago Technologies Ltd. manufactures semiconductor products such as optoelectronics, radio-frequency and microwave components, and application-specific integrated circuits. The Company's products are used in mobile phones, consumer electronics, enterprise and telecom networking gear, optical mice, automotive electronics, and military and aerospace systems.

Over the past year, Avago Technologies has traded in a range of $29.70 to $39.22 and is now at $35.34, 19% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Shares of Pinnacle Financial Partners Un...

Down 1.2% to $37.52, Pinnacle Financial Partners (NASDAQ:PNFP), is one of today's notab ...

Stock Investors Bid Up Shares of Baidu, ...

Up 1.2% to $185.45, Baidu (NASDAQ:BIDU), is one of today's notable movers. The Dow Jon ...

Towers Watson & Co Makes a Move: Down 1....

Down 1.2% to $102.37, Towers Watson & Co (NYSE:TW), is one of today's notable movers. ...

Shares of Google Receive a Boost, Up 1.2...

Google (NASDAQ:GOOG) is one of today's notable stocks on the rise, up 1.2% to $577.78. ...

Shares of Watsco Under Pressure, Down 1....

One of today's stocks on the move is Watsco (NYSE:WSO), down 1.2% to $97.65. The S&P i ...

Shares of Ariad Pharmaceuticals Receive ...

Up 1.2% to $6.02, Ariad Pharmaceuticals (NASDAQ:ARIA), is one of today's notable movers ...

Shares of Centene Under Pressure, Down 1...

Down 1.2% to $76.20, Centene (NYSE:CNC), is one of today's notable movers. The S&P is ...

Callaway Golf Shares Climbing Higher, Up...

Callaway Golf (NYSE:ELY) is one of today's notable stocks on the rise, up 1.2% to $8.52 ...