NVIDIA CORP
(NVDA-Nasdaq):
Technical Viewpoint: From a low
of $40.35 on Oct 30, 2001 prices
rallied, reaching a
high of $55.99
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 11/30/01
at $54.64. 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 $52.50. Resistance: Is at $55.99.
Point & Figure: Reversed to the upside on Nov 28, 2001. A P&F upside
reversal takes place at $51.25. Summary: Technical indicators have turned bullish. BUY! NVIDIA CORP
(NVDA-Nasdaq) @ $55.13 Stop: Use a protective stop of $52.63.
NVIDIA CORP is currently trading @ $54.64 plus $1.03 on Nov 30, 2001. Price Objective:
$75.00. Risk/Reward: $2.50 VS. $19.88. Today's Risk Reward Ratio: 8:1
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