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|
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