NVIDIA (NVDA): THE MAKE OR BREAK MOMENT
First a correction, analyst day at Nvidia(NVDA) is today. Prior report was in error. Trading in Nvidia yesterday, the day prior to the analyst day, was uninspiring — no run up prior to the event. In the premarket today, Nvidia is up $0.38.
Yesterday, bears on Nvidia were out in force in the media making their case. This morning JP Morgan has upgraded Nvidia with a target of $21, about the level where the stock is trading.
From a technical point of view, Nvidia is at a key juncture. Will Nvidia break support at $20 decisively or is a bottom at hand?… Please click here or the title below to read more.
March 8, 2011