NVIDIA CORP
(NVDA-Nasdaq):
Technical Viewpoint: From a low
of $53.81 on Apr 4, 2001 prices
rallied, reaching a
high of $80.70
on Apr 20, 2001. A
decline saw prices pull back, reaching a
low of
$73.75 on Apr 26, 2001.
Another rally saw prices penetrate
resistance, closing 5/1/01
at $91.08. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Apr 18, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $75.00. Resistance: Is at $96.50.
Point & Figure: Reversed to the upside on Apr 30, 2001. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! NVIDIA CORP
(NVDA-Nasdaq) @ $91.38 Stop: Use a protective stop of $88.50.
NVIDIA CORP is currently trading @ $91.08 plus $7.78 on May 1, 2001. Price Objective:
$116.00. Risk/Reward: $2.88 VS. $24.62. Today's Risk Reward Ratio: 8:1
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