When you chase momentum, you must have a sell stop order to minimize a loss if the stock tops out. This occurred when the 50-day simple moving average rose above the 200-day simple moving average to indicate that higher prices lie ahead. The Weekly Chart for NvidiaWeekly Chart For NVIDIA Refinitiv. Courtesy of Refinitiv XENITHThe weekly chart for Nvidia is positive but overbought. The stock is well above its 200-week simple moving average or reversion to the mean at $307.81.

Source: Forbes July 07, 2021 18:33 UTC