Another TrendLine BreakOut From Our Set Ups

NEW: Avago Technologies Limited (AVGO – Nasdaq)

The stock broke out on Friday as shares traded above their downward trendline with volume that was +25% above the stock’s 50 DAV.

As I have previously noted –“Not only does this stock have the technical characteristics that I look for in a TrendLine Set Up, but also the company has solid fundamentals as well. The stock is also very highly-ranked.” and “A breakout of the current downtrend would have this stock clearing resistance of its 50 and 200 DMAs.”