NVIDIA CORP
(NVDA-Nasdaq):
Technical Viewpoint: From a low
of $40.35 on Oct 30, 2001 prices
rallied, reaching a
high of $51.38
on Nov 12, 2001. A
decline saw prices pull back, reaching a
low of
$47.80 on Nov 21, 2001.
Another rally saw prices penetrate
resistance, closing 12/12/01
at $64.67. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 15, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $59.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 11, 2001. A P&F upside
reversal takes place at $61.00. Summary: Technical indicators have turned bullish. BUY! NVIDIA CORP
(NVDA-Nasdaq) @ $64.75 Stop: Use a protective stop of $61.88.
NVIDIA CORP is currently trading @ $64.67 plus $1.95 on Dec 12, 2001. Price Objective:
$89.00. Risk/Reward: $2.88 VS. $24.25. Today's Risk Reward Ratio: 8:1
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