During Friday's Mad Money program Jim Cramer noted that Micron Technology (MU) will report earnings on Wednesday, but Cramer said he's sticking with Broadcom (AVGO) , Nvidia (NVDA) and Advanced Micro Devices (AMD) .
Let's check out the charts of NVDA.
In the daily bar chart of NVDA, below, we can see that the shares have been soaring since the middle of May. The long consolidation pattern around the $550 area can support further gains. Prices are trading above the rising 50-day moving average line and above the rising 200-day moving average line.
The On-Balance-Volume (OBV) line has moved higher the past 12 months to confirm and support the price gains. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.