NVIDIA: Strong on Volume
by Sam Collins  
Email This   Print Page 

NVIDIA Corp. (NVDA) --This provider of programmable graphics processor technologies had a run from $5 in August 2004 to $39 in October 2007. But the stock ran into trouble and, along with many other semiconductor stocks, had a sharp fall.

Now, however, NVDA appears to be searching for a bottom at close to the lows of March and April. Is this one of Jesse's "pivot points"?

In the past three sessions, our own Collins Bollinger Reversal (CBR) has flashed two buy signals. Watch for an increase in volume on the upside within five days to confirm a new trend and a good entry point for NVDA.



Get Sam Collins' Daily Trader's Alert e-mailed straight to your inbox each morning before the opening bell absolutely FREE!

In addition to getting instant access to his Trade of the Day, you'll also receive, in the same e-mail, his Daily Market Outlook so you can start your day off right by positioning yourself for profits!

Click here today to sign up today for Sam's FREE Daily Trader's Alert!

Sam Collins can be reached directly at samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.

Does Dow Theory Hold?

Looking at Dow Theory can reveal what's going on beyond our usual internal indicators, sentiment numbers, etc.

Chesapeake at a Discount

CHK's recent new low does not alter its outlook; use it to buy shares at a discount.

Moving Right Along

The time-tested Moving Average Convergence/Divergence generated bearish indicators for the DJI, the SPX and the NYA.

Evergreen Under the Radar

Profitable solar energy stocks have often gone unnoticed and then exploded. ESLR could follow suit.

Lehman Brothers' Keeper?

Rumblings of an LEH takeover are sending waves through the market, though fewer traders are around to notice.