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Monday, October 01, 2007 

NVDA Breakout again !!!!

Chart courtesy of stockcharts

NVDA has broken out to all time highs during today session at $37.95, closing a bit below this historic level, at $37.77. Looking at the chart stock has had a nice run over the past months, and is still showing positive sign as the stock has been above 50 day moving average since mid April and has formed golden cross earlier in June. Golden cross is designated when 50 day MA cross on top over 200 MA and is a very bullish buy signal. In addition MACD also shows bullish sign as it has been above 0 since early April. The Overall picture for stock still very Bullish, and share price has more space to move up, before the RSI reaching Overbought conditions. NVDA support is now at $34.74.

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 !!!



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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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