Lehman Brothers downgrade NVDA
Monday, October 29, 2007
Shares of NVDA are very active today trading down more than 3% at this moment after Lehman Brothers downgrade stock to Equal-weight from Overweight. Looking at the daily chart, stock broke down the uptrend line in the beginning of October, since that stock have been under a selling pressure only stopped at its 50 dma on Friday. However with Lehman Brothers downgrade this support could easily be broken today in close, so you should be prepared for a possible more downside risk on Nvdia. Pay particular attention for a close below $35.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: NVDA
