NVDA Technical Analysis
By Johns Wu on Jul 28, 2006
NVDA, Nvidia Corp., has been in the news lately because of possible buyout rumors from semiconductor giant INTC, Intel Corp.
The stock technical analysis for NVDA looks bearish. Although they have broken up above a downtrending resistance, it has formed a bearish "shooting star" type of candlestick today. Demand for the stock right now is probably driven largely in part by short covering & speculation. Keep it on your watchlists.
This entry was posted on Friday, July 28th, 2006 at 1:01 am and is filed under Annotated Analysis.
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