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00:02Broadcom shares rose in Thursday's pre-market session as investors returned to large-cap
00:07semiconductor stocks and futures pointed higher ahead of the opening bell, according to Benzinga.
00:12The stock also drew support from Broadcom's recently announced multi-year partnership with
00:17Apple. Broadcom traded above its 20-day, 100-day, and 200-day moving averages,
00:23suggesting its longer-term uptrend remains intact. Broadcom remained below its 50-day
00:28moving average, while a move above that level could strengthen the intermediate-term trend.
00:33The RSI stood at 49.67, signaling neutral momentum. Traders are watching resistance near $414.50
00:41and support near $370.50. Broadcom is expected to report quarterly results on September 3rd,
00:49with Wall Street forecasting earnings of $3.16 per share and revenue of $29.44 billion.
00:55For all things money, visit Benzinga.com.
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