NVDA stock also held major support at the $175 level, yet another bullish sign.ħ Great Momentum Stocks to Buy Before July Ends It is an even more powerful signal given the magnitude of the recent selling pressure. The sellers have become exhausted and the buyers have taken control. This type of price action is a reliable signal that the preceding trend has come to an end. NVDA was the best performing NASDAQ 100 stock on the day.
Plus it was on a day when the NASDAQ 100 dropped over 80 basis points. Shares opened lower and near the lows of the day only to reverse course and close sharply higher and near the highs of the day.
More importantly, NVDA stock had a key reversal day last Friday. Source: The thinkorswim® platform from TD Ameritrade
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