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jw1981
2021-06-15

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Nvidia Is in Rally Mode: Here’s How High It Can Go

Nvidia has been ripping higher over the past month, easily running to new all-time highs. How far can it go from here?Just like most of big tech, Nvidia topped in early September, hitting roughly $588 a share. We’ve had spurts above that level, but none of the rallies have been sustainable.Even with strong earnings and an impressive GTC event , Nvidia stock couldn’t get moving.For Nvidia though, shares finally broke out after the company’s most recent earnings report. Now investors are trying to

Nvidia Is in Rally Mode: Here’s How High It Can Go

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·2021-06-15
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Good article","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/184296507","repostId":1195129456,"repostType":4,"repost":{"id":"1195129456","pubTimestamp":1623714452,"share":"https://www.laohu8.com/m/news/1195129456?lang=&edition=full","pubTime":"2021-06-15 07:47","market":"us","language":"en","title":"Nvidia Is in Rally Mode: Here’s How High It Can Go","url":"https://stock-news.laohu8.com/highlight/detail?id=1195129456","media":"TheStreet","summary":"Nvidia has been ripping higher over the past month, easily running to new all-time highs. How far can it go from here?Just like most of big tech, Nvidia topped in early September, hitting roughly $588 a share. We’ve had spurts above that level, but none of the rallies have been sustainable.Even with strong earnings and an impressive GTC event , Nvidia stock couldn’t get moving.For Nvidia though, shares finally broke out after the company’s most recent earnings report. Now investors are trying to","content":"<p>Nvidia has been ripping higher over the past month, easily running to new all-time highs. How far can it go from here?</p>\n<p>Nvidia&nbsp;shares have finally been giving bulls something to cheer about as the stock scorches higher.</p>\n<p>Just like most of big tech, Nvidia topped in early September, hitting roughly $588 a share. We’ve had spurts above that level, but none of the rallies have been sustainable.</p>\n<p>That’s despite a&nbsp;shortage in semiconductors&nbsp;keeping demand elevated. It’s also despite the crypto-mining market&nbsp;keeping demand high&nbsp;for mining-specific chips.</p>\n<p>Even with strong earnings&nbsp;and an impressive GTC event (where management again updated its guidance above consensus expectations), Nvidia stock couldn’t get moving.</p>\n<p>Others like Apple&nbsp;and Amazon&nbsp;have been experiencing the same thing - strong operations and better-than-expected results but a stagnant share price.</p>\n<p>For Nvidia though, shares&nbsp;<i>finally</i>&nbsp;broke out after the company’s most recent earnings report. Now investors are trying to figure out just how far this stock can run.</p>\n<p><b>Trading Nvidia</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37425d9c63ee1f6f0517088f67194c9a\" tg-width=\"1240\" tg-height=\"760\"><span>Daily chart of Nvidia stock.</span></p>\n<p>Shares stumbled for a day after the company reported earnings in mid-May. Growth stocks were still in a bear market and investors weren’t sure if they should buy Nvidia despite strong results.</p>\n<p>It took a day to figure out, but then they started to gobble up the stock.</p>\n<p>However, with sustained growth acting as a tailwind and a&nbsp;4-for-1 stock split&nbsp;coming on July 20, buyers may continue to bid this name higher. That’s what we saw near the end of summer last year with Apple and Tesla.</p>\n<p>In any regard, the rally here has been steep and while Nvidia stock has rested for a few days at a time, it still has not tested 10-day moving average in almost a month.</p>\n<p>As it stands now, shares are hitting the 161.8% extension areas from both the larger and shorter ranges from 2021. Additionally, there is a bit of divergence on the Williams %R reading.</p>\n<p>These observations have me a bit cautious on the stock in the short term, but not in a bearish way. Rather, it leaves me mindful of some potential consolidation, which to be honest, would be healthy after such a big rally.</p>\n<p>That said, I am bullish on Nvidia. If this stock can maintain the 10-day moving average and hang around $700, it opens the door for higher prices. Specifically, it keeps $750 to $766 on the table, the latter of which comes into play around the two-times range extension.</p>\n<p>At $750 post-split, Nvidia would be trading at $187.50. That could leave room up to $200 in a post-split world or $800 in pre-split world.</p>\n<p>For long-term investors or traders, the 261.8% extension up near $860 seems impossibly far off, but if Nvidia can continue to trend higher, I wouldn’t rule this target out in the future.</p>\n<p>On a close below $690 and the 10-day moving average, we could get a retest of the $650 breakout level and/or the 21-day moving average.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Is in Rally Mode: Here’s How High It Can Go</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Is in Rally Mode: Here’s How High It Can Go\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 07:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/nvidia-nvda-stock-rally-new-highs-trading-061421><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia has been ripping higher over the past month, easily running to new all-time highs. How far can it go from here?\nNvidia shares have finally been giving bulls something to cheer about as the ...</p>\n\n<a href=\"https://www.thestreet.com/investing/nvidia-nvda-stock-rally-new-highs-trading-061421\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.thestreet.com/investing/nvidia-nvda-stock-rally-new-highs-trading-061421","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195129456","content_text":"Nvidia has been ripping higher over the past month, easily running to new all-time highs. How far can it go from here?\nNvidia shares have finally been giving bulls something to cheer about as the stock scorches higher.\nJust like most of big tech, Nvidia topped in early September, hitting roughly $588 a share. We’ve had spurts above that level, but none of the rallies have been sustainable.\nThat’s despite a shortage in semiconductors keeping demand elevated. It’s also despite the crypto-mining market keeping demand high for mining-specific chips.\nEven with strong earnings and an impressive GTC event (where management again updated its guidance above consensus expectations), Nvidia stock couldn’t get moving.\nOthers like Apple and Amazon have been experiencing the same thing - strong operations and better-than-expected results but a stagnant share price.\nFor Nvidia though, shares finally broke out after the company’s most recent earnings report. Now investors are trying to figure out just how far this stock can run.\nTrading Nvidia\nDaily chart of Nvidia stock.\nShares stumbled for a day after the company reported earnings in mid-May. Growth stocks were still in a bear market and investors weren’t sure if they should buy Nvidia despite strong results.\nIt took a day to figure out, but then they started to gobble up the stock.\nHowever, with sustained growth acting as a tailwind and a 4-for-1 stock split coming on July 20, buyers may continue to bid this name higher. That’s what we saw near the end of summer last year with Apple and Tesla.\nIn any regard, the rally here has been steep and while Nvidia stock has rested for a few days at a time, it still has not tested 10-day moving average in almost a month.\nAs it stands now, shares are hitting the 161.8% extension areas from both the larger and shorter ranges from 2021. Additionally, there is a bit of divergence on the Williams %R reading.\nThese observations have me a bit cautious on the stock in the short term, but not in a bearish way. Rather, it leaves me mindful of some potential consolidation, which to be honest, would be healthy after such a big rally.\nThat said, I am bullish on Nvidia. If this stock can maintain the 10-day moving average and hang around $700, it opens the door for higher prices. Specifically, it keeps $750 to $766 on the table, the latter of which comes into play around the two-times range extension.\nAt $750 post-split, Nvidia would be trading at $187.50. That could leave room up to $200 in a post-split world or $800 in pre-split world.\nFor long-term investors or traders, the 261.8% extension up near $860 seems impossibly far off, but if Nvidia can continue to trend higher, I wouldn’t rule this target out in the future.\nOn a close below $690 and the 10-day moving average, we could get a retest of the $650 breakout level and/or the 21-day moving average.","news_type":1},"isVote":1,"tweetType":1,"viewCount":224,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":16,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4756985,"commentId":"4756985","gmtCreate":1623715065057,"gmtModify":1635321288684,"authorId":3581627618988110,"author":{"id":3581627618988110,"idStr":"3581627618988110","authorId":3581627618988110,"name":"Lhokie","avatar":"https://static.tigerbbs.com/e3d8a0704ae0a1eec1efa1f9d3c28e13","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184296507,"objectIdStr":"184296507","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Ckbd","text":"Ckbd","html":"Ckbd","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}