This post was published on ZYX Buy Change Alert.
NVDA is a semiconductor company engaged in gaming, virtual reality, deep machine learning and automotive sectors (self-driving cars).
The company reported blow out earnings. The stock is trading up over $9 in the pre-market.
This is a short to medium-term trade not an investment suitable for aggressive investors only.
Those using options may want to be aware that call premiums are likely to be unusually high making it difficult to make money using calls.
The buy zone is $67 to $78.26, preferably below $75. It is trading at $77.56 in the pre-market as of this writing. Target zone is $90 to $103. Stop zone is $66 to $66.43. Recommended position size is 30%.
The foregoing is suitable for most investors with aggressive bent. The following addition is not suitable for most.
Those with a lot of experience may consider additional Trade Around Positions with about 3% stops and 7 to 10% profit targets based on technicals within the buy zone. If using this approach, make sure that you have a tick chart and a three minute chart up with some kind of volume analysis.
Please be sure to study Trade Management Guidelines regarding Trade Around Positions.
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