MichaelGLamothe

3 good reasons to take some profits in NVDA

NASDAQ:NVDA   NVIDIA CORP
92 0 1
1. This run initially began on 8/3/2015. See the volume surge on the weekly chart. Institutions that bought then are sitting on a long term capital gain.

2. We are now 71% above the 200dma. A climb to $100 (certainly possible) would put us at 100% above the 200dma which is an offensive sell signal.

3. NVDA             broke above a long term uptrend line (15 months). That is another sell signal.

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