NVIDIA CORP
(NVDA-Nasdaq):
Technical Viewpoint: From a low
of $52 3/4 on Jul 5, 2000 prices
rallied, reaching a
high of $77.31
on Jul 14, 2000. A
decline saw prices pull back, reaching a
low of
$50.00 on Jul 28, 2000.
Another rally saw prices penetrate
resistance, closing 8/15/00
at $71.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 11, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $53 1/2. Resistance: Is at $77 3/8.
Point & Figure: Reversed to the upside on Aug 15, 2000. A P&F upside
reversal takes place at $66.00. Summary: Technical indicators have turned bullish. BUY! NVIDIA CORP
(NVDA-Nasdaq) @ $72 5/8 Stop: Use a protective stop of $69 3/4.
NVIDIA CORP is currently trading @ $71.19 plus $6 1/8 on Aug 15, 2000. Price Objective:
$110.00. Risk/Reward: $2 7/8 VS. $37 3/8. Today's Risk Reward Ratio: 13:1
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