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TAP TIMES -26- MARCH 2022
Stocks (from 25) industry player trounces expectations
because virtually all of its businesses are
“Recently, NViDIA crossed above the 200- operating on all cylinders -- and the stock
day moving average, suggesting a long- still drops. Some stocks just can’t catch a
term bullish trend. break.
The Moving Average Results topped expectations
“The 200-day simple moving average is a “Such was the case with NVIDIA. Its re-
useful tool for traders and analysts, estab- cent fiscal fourth-quarter results topped
lishing market trends for stocks, commodi- expectations on the top and bottom line.
ties, indexes, and other financial instru-
ments over the long term. “Its powerhouse data center and gaming
allowing the tech stock to provide strong
NVDA has rallied 8.2% over the past four guidance for the coming quarter. But the
weeks, and the company is a Zacks Rank stock still fell.
#1 (Strong Buy) at the moment. This
combination suggests NVDA could be on The Motley Fool attributed the share de-
the verge of another move higher. On cline to NVIDIA dropping its proposed $40
February 24, The Motley Fool issued this billion acquisition of Arm Semiconductor or
report: a lower demand for NVIDIA’s crypto cur-
rency mining chips.
“You’ve gotta love it when the dominant next page
