Short-Sale Set Up - Avago Technologies (AVGO) 2/5/16

Published : February 5 2016 at 9:19 ET

Avago Technologies (AVGO), which recently closed a purchase of Broadcom (BRCM), is a recent late-stage base-failure following a big gap-up breakout that failed in late November. In this case the recent highs along the 138-139 level would serve as initial stop levels, although the stock could move higher to fill the top of the "rising window" gap-up move of late November at around 142-143.

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