Chart of the Day: Nvidia Rises to the Occasion
Stock continues to perform well as the uncertainty remains.
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Nvidia (NVDA) just seems to attract more and more buyers each day, and with every dip comes a buying opportunity. That's great news for us and for the bulls actually, as the chart below shows a nice pattern of higher highs, higher lows, our textbook definition of an uptrend.
What stands out here is the solid volume trends. What does that mean exactly? On most days when the stock is up volume is higher or accelerating, while on the down days the turnover is low, with less conviction by the sellers.
This trend can go on and on for longer than anyone expects. Take a look at money flow. While most big institutions have plenty of NVDA stock on hand, they continue to buy more and more shares.
Momentum is very strong. Even as the stock is making new all-time highs there is no let up. We see potential for a run to $200 by the end of 2025.
We like Nvidia in TheStreet Pro Portfolio and rate it a One, or "buy at anytime."
At the time of publication, TheStreet Pro Portfolio was long NVDA.
