Posted by 28 March 2005

Chart Request: Nvidia Corp. (NVDA)

Nvidia sure is a popular stock — I seem to get a request for it every other week. My outlook on it hasn’t changed much since the last time I drew it up. It’s showing great relative strength vs. the Nasdaq but it’s real close to breaking its intermediate uptrend. NVDA looks like a short to me if it closes under 24.50 (the lows of last Tuesday and Wednesday) and a long if it can take out the mid-March highs around $26.

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Comments

  1. Posted by Milton on March 28, 2005 at 2:57 pm

    OSIP has now made a complete round trip from the huge gap up open of 12/17/2004. A case of shorts got slaughtered and new longs got slaughtered. Now, what was the great news that made OSIP gap up $20?

  2. Posted by Michael on March 28, 2005 at 3:07 pm

    I know… I’ve been watching in disgust as OSIP drifted all the way back down. IIRC, the news was actually bad news for a competitor of theirs