This story was originally published here.
After some overnight futures drama regarding the trade deal between the U.S. and China, equities rallied hard. However, breadth wasn’t all that great. That said, let’s look at a few top stock trades for Wednesday.
Top Stock Trades for Today No. 1: Nvidia (NVDA)
Nvidia (NASDAQ:NVDA) spent the last month consolidating its gains in a sideways manner. And after such a robust rally from the March lows, this is about the best case scenario bulls could have hoped for.
Shares are now breaking out over recent resistance at $370, although the move has been slow thus far. Should NVDA continue higher, look to see if the stock can get to the 161.8% extension, which comes into play up at $399.
Bulls will also be targeting the $400 level, a nice round number.
On the downside, however, look for a break of the $370 level. If this former resistance level doesn’t act as support, a drop to the 20-day moving average may be in play, followed by the $340 to $350 area.
Editor's Note: Click here for the other three trades.
Radical new battery could dismantle $75 TRILLION oil markets
It’s pretty crazy stuff.
It’s of a mind-blowing new type of battery insiders are calling a “paradigm shift” in energy technology…
Even going so far as to call it the “Quantum Battery” because the properties it exhibits are so miraculous.
In fact, it’s proven to be such a game-changing force that some of the most powerful oil and gas corporations in the world are terrified of this breakthrough and what it’s going to do to disrupt their industry.
To them, the writing is on the wall.
It’s either embrace this new technology or become obsolete.
The U.S. Department of Energy has already classified this innovation as a “critical need” for the mass adoption of electric vehicles — as it finally promises to dramatically reduce our reliance on foreign oil.
At the heart of this revolution, one tiny company — less than 1/1000th the size of General Motors — is gearing up to drive the commercialization of this technology…
Folks who get in on this breakthrough now, BEFORE it’s rolled out on a mass scale, will have the chance to be a part of the single largest legal creation of wealth of the last 25 years…
Editor, Matt McCall’s Investment Opportunities