AMAT and NVDA in action today after earnings
Shares of AMAT rose nearly 4% to 18.89$ after posted higher quarterly profit late Tuesday, topping estimates. Looking at the chart AMAT broke out an important resistant at 18.50$ and it's running to close previous GAP. All Indicatores are Bullishs.
In contrast, NVDA lost 1.3% closing at 33.55$ after posted late tuesday a 68 percent rise in quarterly profit as the graphics chipmaker had strong sales of its chips for desktop and notebook personal computers. The cautious outlook upstaged a solid conclusion to Nvidia's fiscal 2007 year. Today stock action make me cautions, open higher and closed lower with a strong volume.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all. Have a nice evening !!!!
AC
