Labu stock price a dip to $36

A dip to $36.15 in LABU stock price yesterday attracted bargain hunters. The leveraged structure amplifies moves, so a 2% biotech sector rally could translate into 6% upside for LABU in the near term. Broadcom AVGO shares surged more than 9% last week. The stock soared on a new $10 billion customer, revealed on its earnings call. Broadcom offered an upbeat guidance too. Sign up for free newsletters and get more CNBC delivered to your inbox Following a midweek surge to $38.20, LABU stock price faced resistance as biotech earnings came in mixed. Momentum indicators suggest possible consolidation, and swing traders are closely monitoring volume trends before the next move.