NVDIA CORPORATIOM
(NVDA-Nasdaq):
Technical Viewpoint: From a low
of $41.00 on Feb 12, 2001 prices
rallied, reaching a
high of $61.00
on Feb 16, 2001. A
decline saw prices pull back, reaching a
low of
$40.00 on Mar 1, 2001.
Another rally saw prices penetrate
resistance, closing 3/21/01
at $61.44. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 7, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $54.00. Resistance: Is at $66.25.
Point & Figure: Reversed to the upside on Mar 8, 2001. A P&F upside
reversal takes place at $58.00. Summary: Technical indicators have turned bullish. BUY! NVDIA CORPORATIOM
(NVDA-Nasdaq) @ $63.25 Stop: Use a protective stop of $60.50.
NVDIA CORPORATIOM is currently trading @ $61.44 plus $4.25 on Mar 21, 2001. Price Objective:
$82.00. Risk/Reward: $2.75 VS. $18.75. Today's Risk Reward Ratio: 7:1
|
Click here to view full size chart
|