Broadcom Inc. (AVGO) is due to report second-quarter results on Thursday after the close of trading. In our last review of AVGO on Dec. 8 we wrote, "Raise stop protection to $370 and look to book some profits on approach to $420. Our new Point and Figure target of $490 cannot be ruled out, but with price momentum slowing I don't want to be too bullish on AVGO."
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