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Broadcom Stock Under Heavy Accumulation

Institutional volumes reveal a powerful story. In the last year, AVGO has enjoyed a huge surge in demand, which we believe to be strong institutional support.

Each green bar indicates unusual trading action in AVGO shares. They reflect our proprietary inflow signal, pushing the stock higher:

Source: www.mapsignals.com

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental backdrop going on with Broadcom.

Broadcom Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, AVGO has had strong sales and EPS growth in recent years:

  • 3-year sales growth rate (+14.6%)
  • 3-year EPS growth rate (+78.5%)

Source: FactSet

EPS is estimated to ramp higher this year by +22.5%.

Now it makes sense why the stock has been shooting to new heights. Broadcom is gaining because its earnings picture is incredibly solid.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Broadcom has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 list many times. The blue bars below show when AVGO was a top pick…rising higher along the way.

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. The superstars are in demand by Big Money.

Broadcom Price Prediction

The Broadcom rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in AVGO at the time of publication.

If you are a Registered Investment Advisor (RIA) or a serious investor interested in taking your investing to the next level, learn more about the MAPsignals process here.

This article was originally posted on FX Empire

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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