Price is only 2.29% above the 200-SMA, keeping the structure close to a key mean-reversion anchor while still above it — a classic reclaim-and-hold pattern. The 50-SMA at 372.60 has crossed above the 200-SMA at 368.09, with price riding the stack of support (376.51 > 372.60 > 368.09). The MACD histogram expansion (3.71 points of separation) signals momentum has turned up from a deeply negative base, often an early-stage trend repair signal. RSI at 59.17 confirms positive momentum with roughly 10-15 points of headroom before stretched conditions near 70.
Thursday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $CAT, $DIS, $SPY, $QCOM, $UNH, $JPM.
5 of 5 plays
AVGO is grinding higher within a semiconductor uptrend, trading at 376.51 just above both its rising 50-SMA (372.60) and 200-SMA (368.09). The MACD has crossed sharply above its signal line (-0.65 vs -4.36) while RSI at 59.17 sits in constructive-but-not-overbought territory, marking a potential momentum inflection off the long-term trend.
EntryPreferred entry on a pullback into the 372.60–374.50 zone (retest of 50-SMA as support), or a momentum trigger on a decisive close above 380.00 to confirm continuation.
TargetsFirst target 388.00–390.00, prior supply zone and measured move from the SMA base → Second target 400.00–404.00, round-number resistance and extension of the momentum thrust
StopInvalidation on a daily close below 367.50, which would break both the 200-SMA (368.09) and the recent higher-low structure, negating the trend-reclaim thesis.
Educational only. Not financial advice.