Tuesday, March 21, 2006

Trade of the Day - NVDA

NVDA gapped up on a Lehman upgrade as indicated in my pre-market post. The entry was a break of the pre-market high on high volume. 50% of the position was exited on weakness during the midday consolidation. The balance of the position was stopped out when the market weakened in the afternoon. NVDA has closed above its multi-year high of $50.56.

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