Semiconductor stock AVGO gapped higher two days ago on a strong earnings report. It had gapped higher several times prior only to move sideways in all but one case. That said, given its current price action along with earnings and sales strongly accelerating, and given the overall tone of the stock market, the odds grow of the stock managing an uptrend. The low of the gap up day is about 2.6% from where it is currently trading. Pretax margin 40.6%, ROE 65.7%, group rank 69.
Buyable Gap Up - AVGO 6-7-16
|Published:||7 Jun 2016 16:06 ET|
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