NVIDIA CORPORATION
(NVDA-Nasdaq):
Technical Viewpoint: From a low
of $19.38 on Nov 21, 2003 prices
rallied, reaching a
high of $22.20
on Dec 3, 2003. A
decline saw prices pull back, reaching a
low of
$19.50 on Dec 9, 2003.
Another rally saw prices penetrate
resistance, closing 12/26/03
at $22.74. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 30, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $20.50. Resistance: Is at $24.00.
Point & Figure: Reversed to the upside on Dec 11, 2003. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! NVIDIA CORPORATION
(NVDA-Nasdaq) @ $23.13 Stop: Use a protective stop of $21.13.
NVIDIA CORPORATION is currently trading @ $22.74 plus $0.94 on Dec 26, 2003. Price Objective:
$32.50. Risk/Reward: $2.00 VS. $9.38. Today's Risk Reward Ratio: 5:1
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