Shareholder returns and stock trends
On September 4, 2015, Avago Technologies (AVGO), which constitutes 0.62% of the PowerShares QQQ Trust (QQQ), generated returns of 37.86% for the trailing 12 months and -1.14% in the trailing one-month period. The share price of the firm has declined to -5.07% in the trailing five-day period.
By comparison, Avago’s peer companies Micron (MU), Intel (INTC), Texas Instruments (TXN), and Nvidia (NVDA) generated returns of 5.39%, -5.07%, 0.35%, and -4.31%, respectively, in the trailing five-day period.
On September 4, 2015, the last trading price of Avago’s stock was $121.15. The firm was trading 0.05%, -4.15%, and -6.20% below its 20-day, 50-day, and 100-day moving averages of $121, $126, and $129, respectively.
MACD and RSI
A company’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. Avago’s MACD (nine-Day) on September 4, 2015, was -2.07, which shows a downward trading trend, as the figure is negative.
The 14-day RSI (relative strength index) for Avago was 48, which shows that the stock is neither oversold nor overbought. If a company’s RSI is above 70, it indicates that its stock is overbought, while an RSI figure below 30 suggests that its stock has been oversold.
Out of 19 analysts covering Avago’s stock, 19 have issued a “buy” recommendation, two have issued a “sell” recommendation, and two have issued a “hold” recommendation. The analyst stock price target for the firm is $159.68, with a median target estimate of $164.
By comparison, Infoblox (BLOX) was trading at a discount of 26.12% with respect to its median target during the same period, which looks to be an attractive buy at current levels.