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NVIDIA - NVDA - close: 35.82 change: +0.45 stop: 33.75

Company Description:
NVIDIA Corporation is the worldwide leader in programmable graphics processor technologies. The Company creates innovative, industry-changing products for computing, consumer electronics, and mobile devices. NVIDIA is headquartered in Santa Clara, CA and has offices throughout Asia, Europe, and the Americas. (source: company press release or website)

Why We Like It:
NVDA has developed a bullish trend of higher lows and the technical indicators are turning positive. You can see the MACD on the daily chart has just produced a new buy signal. The stock's consolidation has shares bumping up against resistance near $36.00. We are suggesting readers buy a breakout. Our suggested trigger to open positions is at $36.15. If triggered our target is the $39.00-40.00 range. We do not want to hold over the early November earnings report. FYI: The Point & Figure chart is bullish with a $55 target.

Picked on September xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 11/08/07 (unconfirmed)
Average Daily Volume: 15.3 million
 

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