$347.01
24h
-4.76%
11 Nov, 14:48
Historical mean reversion signals buying opportunity
Bullish+4.53%
AI Summary
The author identifies a strong buying opportunity in Broadcom based on historical mean-reversion data showing consistent positive returns over 1-month to 1-year horizons following similar drawdowns.
Could be one of the best buying opportunities
$AVGO is now down 31% from its high, and that has only happened 4 other times since it went public in 2009
What happened to $AVGO after the prior 4, on average:
• 1 month later: +14.5% (4 of 4 times positive)
• 3 months later: +36.3% (4 of 4 times positive)
• 6 months later: +59.0% (4 of 4 times positive)
• 1 year later: +79.4% (4 of 4 times positive)
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