Semiconductor NVDA is looking poised as its volume dries up. It has had strong moves over the last few weeks relative to other semis, so the last few day's tight, sideways move is perhaps digesting prior gains before it makes another move to the upside. That said, it is a mild concern it is not moving along with the rest of the semis. Keep a close eye on this as it continues to trace out its formation along its 10-dma though is buyable here with a tight stop. Earnings and sales have reaccelerated over the last two quarters.
Pocket Pivot Review - NVDA 6-5-20
|Published:||5 Jun 2020 12:17 ET|
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2020 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.