[November 20, 2009] Broadcom (BRCM) Initiated Coverage Alert, Watch for 1.7% Technical Uptrend Continuation Tweet Nov 20, 2009 (SmarTrend(R) Spotlight via COMTEX) -- Broadcom (NASDAQ:BRCM) initiated with an Outperform at BMO Capital. The stock closed yesterday at $29.16 on volume of 8,291,700 shares, below average daily volume of 9,473,542. Broadcom is currently above its 200-day moving average of $24.80 and should find resistance at its 50-day moving average of $29.18. SmarTrend is bullish on shares of BRCM and our subscribers received an Uptrend alert on November 11, 2009 at $28.67, which has returned 1.7% to date. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com. Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html [ Back To TMCnet.com's Homepage ]