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Barchart

Jim Van Meerten

Chart of the Day: Broadcom - Analysts' Favorite on New All Time High

Broadcom Barchart Semiconductor Trend Seeker

Author's Note: Analysts give high marks but is this the right time for new investors?

The Chart of the Day belongs to the highly popular semiconductor company Broadcom (AVGO). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 5/15 the stock gained 20.81%.

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