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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST

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To: Drake who wrote (2856)10/11/1999 2:49:00 AM
From: jraz1  Read Replies (4) of 6531
 
Many of the TA guys and chartists are very negative on BRCM and believe that it is a great short candidate. I am long, but nervous. What is you take on all of this?

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here is a link to what one of the "hot subjects" boards are saying... Message 11496434
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Market Edge Second Option is also in agreement... here is an excerpt from their report on BRCM....

Second Opinion Help
Symbol: BRCM
Name: BROADCOM
Exchange: NMS Close as of week ending
10/08/99

Opinion
Opinion AVOID Date New Stock Price 0.00
Score 1 C-Rate -2.2

Recommendation
STOCK IS A SHORT CANDIDATE
IF YOU ARE LONG; CLOSE POSITION OR MONITOR STOCK CLOSELY


Comment
Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND
Chart pattern indicates a WEAK DOWNWARD TREND
Relative Strength is NEUTRAL
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is falling which is BEARISH
The 200 day MOVING AVERAGE is rising which is BULLISH
LOOK FOR SUPPORT AT 107.20
WATCH FOR RESISTANCE AT 120.83


Week's Activity
Week Close 119.31 Week Change 6.81
Week Open 113.88 Week High 127.13 Week Low 112.25

Price Analysis
Yr. High 149.50
Yr. Low 33.22
MO Chg.(%) 0.3
Resistance 120.83
Support 107.20
BUY STOP 49.10
Volatility(%) 5
Position 67
ADXR 13

Moving Average Analysis
Type Price % Slope
10 Day 115.83 103 UP
21 Day 113.63 105 DOWN
50 Day 119.31 100 DOWN
200 Day 93.21 128 UP
Volume Analysis
Ave DailyVolume(00) 18767
MO Chg.(%) 11.7

Up/Down Volume (U/D)
U/D Ratio 1.0
U/D Direction UP

On Balance Volume BL
Positive OBV BL
Negative OBV BL

Money Flow(MF) 50
MF Direction UP




Technical Analysis
Alpha 0.41 50-Day R.S. 0.98 OBOS -3
Beta 1.91 STO(Slow %K) 75 B.BANDS 19
MACD ST BL STO(Fast %K) 47 RSV 91
MACD LT BR Wilder's RSI 55 POWER RATING -21

Second Opinion is provided by Computrade Systems, Inc
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