So far this month, chipmaker Nvidia (NVDA) has climbed up from the red zone into the Green Favored Zone of the SIA S&P 100 Index Report. Yesterday the shares finished in 16th place, up 6 spots on the day and up 55 spots in the last month. Shares have staged a major breakout this week, decisively blasting through the top of a six-month trading range to a new all-time high on increased volume. This move signals that a six-month sideways consolidation trend is over and a new uptrend is underway.
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