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C = Catalyst for a Stock’s Movement
NVIDIA creates graphic chips used in personal computers as well as mobile processors that are used in cellular phones, tablets, and auto infotainment systems. With technology advancing at the rate that it is in current times, companies such as NVIDIA are well-positioned to provide the products demanded. As the company shifts more resources to the mobile side of the business, look for NVIDIA to profit from the powerful mobile movement.
T = Technicals on the Stock Chart are Weak
NVIDIA displays a long-term price chart that shows many struggles for the stock. Over the last decade or so, the stock has managed to make magnificent runs but has also seen saddening declines. Currently, NVIDIA stock is trading in a multi-year range and showing no indication of constructive price action…
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