Katie Stockton breaks down the chart in Broadcom.
Investors are grappling with what to do with a stock like Broadcom Inc . , which has seen a remarkably strong short-term rally within an already strong long-term uptrend.
's, many investors cannot stomach a retracement back to initial support. For and other seemingly extended semiconductor or AI stocks? We can use simple technical analysis tools to help us identify when it may be time to reduce exposure, and therein help relieve the emotional attachment to a longtime winner. One metric we like to track is the 20-day moving average as a sell indicator. The 20-day moving average usually starts to roll over before support comes in-line.
gapped up, leaving a potential vacuum of support on the chart between about $1,653 and $1,506. Those who are sensitive to pullbacks might consider a stop-loss below $1,653 to manage risk that the gap is filled. Long-term investors in
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