NAVIDIA CORP
(NVDA-Nasdaq):
Technical Viewpoint: From a low
of $28.25 on Jan 3, 2001 prices
rallied, reaching a
high of $57.00
on Jan 19, 2001. A
decline saw prices pull back, reaching a
low of
$42.00 on Feb 14, 2001.
Another rally saw prices penetrate
resistance, closing 2/21/01
at $56.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 15, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $51.00. Resistance: Is at $70.50.
Point & Figure: Reversed to the upside on Feb 16, 2001. A P&F upside
reversal takes place at $54.00. Summary: Technical indicators have turned bullish. BUY! NAVIDIA CORP
(NVDA-Nasdaq) @ $58.38 Stop: Use a protective stop of $55.62.
NAVIDIA CORP is currently trading @ $56.00 plus $2.44 on Feb 21, 2001. Price Objective:
$96.00. Risk/Reward: $2.75 VS. $37.62. Today's Risk Reward Ratio: 13.1
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