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Broadcom AVGO stock jumps 6.01% intraday but remains below the $357.22 daily 200-session EMA

Image: The Cryptonomist

Broadcom AVGO stock has a neutral daily bias with a constructive tilt, rather than a confirmed bullish trend. Price is above its 20-session and 50-session exponential averages, but below the 200-session average. Meanwhile, overbought hourly readings complicate the positive daily momentum signals. Key takeaways Daily RSI14 is 55.88, above the neutral 50 threshold but below overbought territory. Price is above the 20-session EMA at $331.4 and the 50-session EMA at $345.06, but below the 200-session EMA at $357.22. Hourly RSI14 is 75.37, in overbought territory. The 15-minute RSI14 is 85.04, also overbought. Daily ATR14 is $16.41, up from $15.95 in the preceding session. The 200-session EMA at $357.22 remains the central daily hurdle; the daily upper Bollinger band sits at $360.24.

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