Internap Stock  I was doing my daily scan of investments, which involves looking for compelling investments with constructive

Internap Stock Is in Perfect Alignment to Stage an Advance

INAP Stock: Constructive Price Action

Internap Stock  I was doing my daily scan of investments, which involves looking for compelling investments with constructive

FOREX INVESTORS BUZZ  Internap Stock  I was doing my daily scan of investments, which involves looking for compelling investments with constructive stock charts, and I was led straight to Internap Corp (NASDAQ:INAP) stock, and I am quite compelled to say the least.

This small-cap company sports a $327.0-million market cap and operates as a high performance internet infrastructure provider. It has a footprint in the growing cloud computing space, and it offers a number of optimization solutions. The company is trading at 1x sales, which is very attractive, but it is the company’s stock chart that has really piqued my interest. The price action on the Internap stock chart is simple, easy to discern, and is suggesting that INAP stock is now staging an advance, so higher stock prices can now be expected.

The following Internap stock chart illustrates the constructive price action that has piqued my interest in INAP stock.



Internap Stock

 

INAP stock chart

 

This INAP stock chart has been modified in order to highlight the constructive price action.

Constructive price action consists of an alternating two-wave structure. This two-wave structure contains impulse waves, which are highlighted in green on the stock chart above, and consolidation waves, which are highlighted in purple on the stock chart above

In late June, INAP stock exited the consolidation wave in an upward direction, suggesting that an impulse wave was in development. The Internap stock price proceeded to forge a new 52-week high, which reinforced the notion that an impulsive advance was in development.

Aside from suggesting that the investment is in a bullish advance, this wave structure can be used to project a potential price objective for the current impulse wave that is in development. A potential price objective can be created based on the assumption that impulse waves that are separated by a consolidation wave have an above-average tendency to mirror each other in terms of their length. In this case, the preceding impulse wave was $2.35 in length, and if I apply the metric to the current impulse wave that is in development, it creates a potential price objective of $5.35.

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BUZ INVESTORS Bullish Alignment Wow, quite a bit has changed since my last report on NVIDIA Corporation (NASDAQ:(NVDA) was published in April

NVIDIA Stock Is in Bullish Alignment Once Again

|Chart | Calendar   | TRADE NOW | Nvidia

NVDA Stock to Go Another Leg higher

BUZ INVESTORS Bullish Alignment Wow, quite a bit has changed since my last report on NVIDIA Corporation (NASDAQ:<span data-recalc-dims=(NVDA) was published in April" width="300" height="200" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/05/NVIDIA-Stock1-300x200-Small.jpg?resize=300%2C200 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/05/NVIDIA-Stock1-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS  Bullish Alignment  Wow, quite a bit has changed since my last report on NVIDIA Corporation (NASDAQ:(NVDA) was published in April, and this warrants taking another look because the implications of what has transpired have changed the landscape on NVIDIA stock.

My previous report on this company, “NVIDIA Stock Is Constructively Alleviating Overbought Conditions,” outlined key indications which served to suggest that NVDA stock was setting up for its next move. This move has occurred, and this investment is once again forging new highs.

company issued strong forward guidance, citing growth in all segments. This bullish news caused the stock to trade higher by more than 13% in after-hours trading,  which is why the stock left a gap on the price chart the very next day. The following NVDIA stock chart illustrates the effects that this catalyst had on the NVDA stock chart.



Bullish Alignment

NVDIA stock chart

 

In my last publication on this company, I noted that NVIDIA shares were trading within a defined trading range. It seemed as though this stock was using this range to unwind any overbought conditions that were created in the epic advance that took place last year, when NVDA shares appreciated to the tune of 226.92%.

I noted that, even though there were indications suggesting that lower prices were set to prevail, this trading range was acting to define current levels of support and resistance. A resolution to this trading range would suggest the next directional move that this investment was set to take. The fact that this trading range was occurring above the 200-day moving average was enough to retain a slight bullish posture on this investment.

Like I mentioned earlier in this publication, the bullish resolution of the trading range has changed the landscape for NVIDIA stock, and the following price chart illustrates this notion.

NVDA price chart

 

There were two key indicators that I was watching closely as the epic run in stock price was in development last year.

This first indicator was the relative strength indicator (RSI), which is located in the upper panel of the chart above. This indicator is used to measure overbought and oversold conditions. These conditions are measured using an oscillator that fluctuates between 0 and 100. A reading above 70 is overbought, and a reading below 30 is oversold. Once an indication becomes overbought or oversold, it can remain there for some time.

There are numerous ways that one can use indicators, but the focus will be aimed at this investment’s habit of remaining overbought, which is referred to as an embedded signal. An indication to act is generated when this indicator crosses above 70 and then crosses back below it, suggesting that the advance has concluded. The surge following the earnings report has caused this indication to become overbought once again, which suggests that this investment is once again set to advance until an oscillator falls back below 70.

 

Business Description

Industry: Semiconductors » Semiconductors    NAICS: 334413    SIC: 3674
Compare: NAS:(TXN), NAS:(QCOM), NAS:(AVGO), NAS(:NXPI), NAS:(ADI,) OTCPK:(IFNNF), NAS:(SWKS), NAS:(MCHP), NAS:(XLNX), NYSE:(STM), OTCPK:(RNECF), NAS:(MXIM), NAS:(AMD), NYSE:(ASX), NAS:(QRVO), NAS:(MRVL), OTCPK:(ROHCY), NAS:(ON), NAS:(MSCC), NAS:(SPIL) » details
Traded in other countries: NVDA.Austria, NVD.Germany, NVDA.Mexico, NVDA.Switzerland, 0R1I.UK,
Headquarter Location: USA

NVIDIA Corp is a visual computing company targeting markets including Gaming, Professional Visualization, Datacenter and Automotive. The Company’s reporting segments include GPU and Tegra Processor.

Nvidia is a leading designer of graphics chips that enhance the interactive experience on computing platforms. The firm’s chips are used in a variety of end markets, including high-end personal computers for gaming, datacenters, and automotive infotainment systems.
 

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