Antonio’s Perspective: Was NVDA Overbought?

During this afternoon I was scanning some charts and I stumbled upon NVIDIA Corporation
(NASDAQ:NVDA), whose stock has shown remarkable strength over the last 7 months. The stock made a new 52 week high on Wednesday at $95.25 and closed slightly below on Friday in a choppy session for stocks.

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Global Payments Inc and NVIDIA Corp may be bullish in the long run

GPN– Global Payments, Inc is a provider of payment technology services. It offers payment solutions for credit cards, debit cards, electronic payment etc. The stock is expected to be bullish.

GPN – Global Payments, Inc

Fundamentals Previously closed at 65.15
Day’s high 65.91
Day’s low 64.21
P/E ratio 29.28
EPS 2.23


Analysts opinion GPN has reported profits in its announcement of Q3 revenues pre-market today. It reported an EPS of 0.70 for Q3 beating the wallstreet estimates by $0.03. Net income was reported at $69.1 million.
GPN also gave a more positive guidance for FY 2016, EPS – $2.93 – $3.00, compared to the Thomson Reuter’s estimate of $2.92. This shows that the company has positive outlook for the year 2016 and expects huge growth. The analyst confidence meter is at 97% bullish!
Sentiments Due to the positive news, the investor sentiments may be bullish for the stock.
Social Media Pulse The stock has 100% higher chatter than usual.

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