BRCM (16.98)

Broadcom is looking pretty confident and trying to put in a bottom.  I'd love to see the stock now settle a little above its upturning 50 dma which is currently around $15.60.  We could be setting the stage for a leg up considering the 50 dma could turn to the upside coinciding with a possible breakout above $18.  

Perfect scenario: the stock trades within the 17 to 18 range for another couple of weeks allowing confidence to buildout a nice base.  At that point we'd be looking at an inclining 50 dma and a set up for a push through $18.  A move above 18 on heavy volume would be an all-clear.