Nvidia (NVDA) reported what financial reporters and some analysts are calling a "blow out" quarter and the stock has gapped higher. It's Friday's 'Stock of the Day' at Real Money.
Sell side analysts are rushing to raise their price targets for the company. We wrote about NVDA yesterday ahead of the earnings release and looked for: "In this Point and Figure chart of NVDA, below, we can see the price action simplified by only looking at specific price swings and ignoring some of the 'noise'. A trade at $280 will be a breakout and should refresh the uptrend."
With prices reaching $292 this morning we need to touch base with the charts again.