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Broadcom Stock May Fall 8% Amid Anemic Growth

Michael Kramer

Broadcom Inc. ( AVGO) shares have fallen hard since announcing it would buy CA Inc. ( CA) for nearly $19 billion in July, with the stock dropping by 13.5%. The technical chart isn't the only issue facing the company: The outlook for the business presently looks weak, too. The technical chart for Broadcom is weak and is suggesting the stock will fall to roughly $199, a drop of more than 8% from its current price of $216.85.