Semiconductors just logged their second-best month vs the S&P 500 in history. Only January 2000 was bigger. Nearly every single semiconductor company under the sun has posted double digit returns over the past two months.
A handful of mega-caps slept through the move, coiling tight while the sector ripped. Today's standout is pressed into earnings, but market conditions suggest the breakout could front-run the catalyst:
Broadcom Inc $AVGO is currently exhibiting a Squeeze Score of 95.8.
Here’s what the chart looks like:
AVGO is coiled directly against an all-time high breakout level following a strong advance.
Price continues to tighten against former highs while volatility on the Strazza Indicator has compressed near YTD lows, signaling a meaningful momentum reset.
As long as the stock remains above the breakout area, the path of least resistance continues to point higher.
