NVDA shows psar bull signal

The company whose chips drive many of the world's video displays, Nvidia (NVDA), is showing a psar bull signal today, accompanied by a rise that has traversed 3% low to high so far.

Shares are trading at $17.57, and the stock has close-in resistance to overcome before make a credible move.

The macd has been in bull mode since March 2 and continues to rise above the zero line. The pps gave a bull signal on March 1. So the psar is a signaler-come-lately.

More broadly, the stock has been in an uptrend since November 2008.

You are here:

•  Resistance
• $18.96, +7.6%
• $18.21, +3.3%
• $17.90, +1.6%
• Now $17.62
• Support
• $16.54, -6.1%
• $16.08, -8.7%
• $15.76, -10.6%
• $15.15, -14%

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Option Spread Strategies: Trading Up, Down, and Sideways Markets

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A push above $17.90 would be compelling, and a push above $18.96 would  signal continuation of the bull trend, by setting a higher high.

Abbreviations:
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic