Stocks on Tech Trader

Summary: Strong uptrend persists with EMA above SMA and price above both, no volume capitulation or trend uncertainty, recent earnings breakout holding with high volume support, no catalysts within 3 days, and AI sector momentum intact.

The chart shows AVGO in a clear uptrend, with the latest close at $360.27 well above the EMA (320.35) and SMA (303.37), confirming bullish conditions without frequent crosses or rangebound behavior in the past month. Volume on the recent breakout from early September was massive (e.g., 78M shares on 9/5), and the price has held gains, pulling back modestly but respecting rising support around $301-310 as noted in the trendline summary. No volume capitulation flags in the past month, so we avoid contrarian entries against the trend.

From trade history, the prior long from 7/16 exited on 8/20 due to a dip below EMA creating unclear trend, but current setup differs—price remains above key averages with sustained momentum. Simulating similar post-earnings breakouts in AVGO's history (e.g., December 2024 surge from $180 to $250 held for weeks without reversal), this could extend higher, especially with no whipsaw in comparable setups over the last 6 months (win rate >50% on sustained uptrends). Potential whipsaw risk is low here, as past false signals often occurred near resistance, but we're not at historical highs yet.

Fundamentally, AVGO benefits from strong AI chip demand; recent news includes partnerships with OpenAI and robust Q3 results on 9/4/2025 (revenue beat expectations despite 0% EPS surprise, driving 9.41% reaction). Searching current events: Bullish items like analyst upgrades (e.g., Rosenblatt raising PT to $400 on AI growth, credible and timely, potential for +5-10% upside) and unusual options activity (heavy call buying at $370 strikes, signaling bullish sentiment). Neutral on broader market (Fed rate stability), no bearish rumors. Disregard unverified social media noise. No insider selling spikes; filings show steady holdings.

Next earnings likely early December 2025 (based on patterns: 9/4, previous cycles ~3 months), none within 3 days. No major catalysts like conferences imminent. World events: Stable semiconductor supply chain, no geopolitical risks impacting AVGO directly, though monitor China-Taiwan tensions indirectly via TSMC ties—currently neutral.

Overall, high-confidence hold for multi-week horizon, targeting resistance near $370-380; exit only if price sustains below EMA or new bearish catalyst emerges.