NVIDIA is one of the best performing stocks in 2016 and there seems no letting up.  After a couple of stellar earnings reports in February and May this company has defied the odds and any market selloff to lift to levels not seen in years.  The impressive run has been on very strong turnover, what we like to see when a stock shows tremendous power.  We can see from the lower pane the momentum continues with this stock.

The MACD is still on a buy signal but what is amazing is the relative strength, embedded above the 70% level.  This is the second series this year of lengthy overbought conditions – which we remind is not a sign to sell.  Volume trends in July have been solid.  We believe higher prices are ahead. 

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