Graphic Gainer
Since many stocks are beaten down and not setting up in
bases or probing new highs, we are looking for pattern setups that can get us in early on stocks before the more traditional
breakout formations. NVDIA
(
NDVA |
Quote |
Chart |
News |
PowerRating), a computer graphics outfit, has left a
couple of traces that make this one look like it could reclaim lost ground.Â
Two
details stand out. One, NDVA left an outside bar on rising trade yesterday.
Outside bars on rising volume generally follow through in the direction of the
close. Second, NDVA gapped open today on even higher volume than the day before.
A new two-month high in this stock should get
traders’ attention as it comes up on screens after having etched a new two-month
high in today’s session.
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