Equity Oracle: 07/26/13


Broadcom has recently taken a hit as sellers caused the stock to gap down 3 times in just 8 days. This last gap is what I would call an exhaustion gap and the drop in volume indicates that the sellers are slowing down in their selling activity. Our strategy is to buy the stock now, and when the price moves back up to fill the gap (around $31), we will sell our position and take the profit.

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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