1.84% Move Highlights bullish Momentum in AVGO Stock on Jan 24, 2025
Date: Jan 24, 2025 (Friday)
open : $244.51
close : $244.70
low : $241.91
high : $249.59
previous close: $240.28
Also check: Tool to spot which candlestick has formed
On Jan 24, 2025 (Friday), BROADCOM INC. (AVGO) in the Technology sector showed bullish momentum of 1.84% relative to previous day's close. The stock belongs to the Semiconductors industry within the Technology sector.
At the opening bell, the stock started with a moderate gap up at $244.51, compared to the previous close of $240.28 (a moderate gap up of 1.76%).
BROADCOM INC. which is a Large-Cap stock with market cap of 1.147T hit a high of $249.59 and a low of $241.91, creating a trading range of $7.68. The price movement for the day was 0.08% higher than the opening price.
During the day's session, the BROADCOM INC. traded 24,861,940 shares, showing a modest -15.98% change compared to the average of 29,591,805 shares. This indicates a fairly typical level of market activity, with no major deviations from average trading volume.
The stock showed moderate volatility (3.14%) with movement between $241.91 and $249.59.
If we look at the last 30 days daily chart, the stock has been moving sideways, but today’s close > open forms a bullish candle, showing a positive move and indicating buying pressure as bulls take control.
Disclaimer: This analysis is provided solely for educational purposes and does not include any recommendations. For any financial decisions, it’s advised to consult with your financial advisor.