00:00Broadcom shares fell nearly 1% in Monday pre-market trading as weakness across big cap technology stocks pressured the
00:07semiconductor company, according to Benzinga.
00:10The stock had no major company-specific news driving the move.
00:14Broadcom is trading below its 20-day, 50-day, and 200-day simple moving averages, while momentum indicators remain weak.
00:22Shares face support near 350 odors and resistance around $41950.
00:28Broadcom is scheduled to report earnings on September 2nd.
00:31Wall Street expects earnings of 3.16 per share on revenue of $29.44 billion, compared with $1.69 per
00:39share and $15.95 billion a year earlier.
00:42Analysts have an average price forecast of 511 on square 13.
00:46Broadcom shares fell 0.85% to 365.32s in pre-market trading, according to Benzinga Prodata.
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