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Thursday, August 24, 2017

Market Alert - Part 2 Pre-Market - NVDA play

Also, wanted to get out a play on NVDA. After looking at it again this morning, we decided it should be on the report as it comes off of its 50 day MA test after gapping lower on earnings 2 weeks back. It has held support, worked back into position, and started to bounce off the 50 day on Wednesday. Thus we like it on a continued move.

Pivot=166.28 Test 50 day Tgt vol=30M Tgt $=184.38 Stop=157.51 NVDA DEC 15 2017 165.00 P (-57 delta) &/or Stock

Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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