$AVGO has recently experienced upward momentum, reaching new highs. The stock has seen a notable increase from $220 to $245, with some traders indicating a potential for further gains. Options trading activity has also picked up, with 2,200 contracts of the $AVGO 1/24 252.5 calls traded at 80 cents. Analysts noted a successful gap-up on earnings, followed by consolidation and a pullback that held the 21-day moving average, suggesting a breakout over downtrend resistance. The stock is currently at a critical support level around $242, and there is anticipation for it to hold this level as it approaches the $250 mark in trading.