Inside NVIDIA Corporation’s Latest Technical Surge To New Highs

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May 15, 2017 4:00pm NASDAQ:NVDA


From Corey Rosenbloom: Through 2016, NVIDIA Corporation (NASDAQ:NVDA) continuously appeared on our “Strong Stocks Getting Stronger” Member Scan.

However, the earlier part of 2017 sent shares on a lengthy pullback lower.

We’re now seeing a new breakout to new highs as NVIDIA (NVDA) resumes its strong trend.

Price perked up in late 2015 as a Realization Phase began and strengthened through 2016.

October 2016 sent shares flying higher on high volume through the rest of the year.

Now we’re seeing yet another breakout and super strong surge higher as we trade through May 2017.

Compare the current swing with that of late October 2016 and follow a similar trading pathway into the future.

NVIDIA (NVDA) is a great example of strongly trending stocks strengthening – not reversing – which sets the stage for classic breakout and retracement trading strategies.

NVIDIA Corporation (NASDAQ:NVDA) was trading at $133.81 per share on Monday afternoon, up $5.92 (+4.63%). Year-to-date, NVDA has gained 25.36%, versus a 7.40% rise in the benchmark S&P 500 index during the same period.

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