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TMCNet:  Broadcom Has Returned 9.6% Since SmarTrend Recommendation (BRCM)

[November 19, 2012]

Broadcom Has Returned 9.6% Since SmarTrend Recommendation (BRCM)

Nov 19, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Broadcom (NASDAQ:BRCM) on October 3rd, 2012 at $34.08. In approximately 2 months, Broadcom has returned 9.58% as of today's recent price of $30.82.

Broadcom share prices have moved between a 52-week high of $39.66 and a 52-week low of $27.59 and are now trading 12% above that low price at $30.82 per share. The 200-day and 50-day moving averages have moved 0.08% lower and 0.65% lower over the past week, respectively.

Broadcom Corporation provides integrated silicon solutions that enable broadband digital data transmission of voice, data, and video content to the home and within the business enterprise. The Company designs, develops, and supplies integrated circuits for cable set-top boxes, cable modems, high-speed networking, direct satellite and digital broadcast, and digital subscriber line.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Broadcom.

Log in and add Broadcom (BRCM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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