Is this the right time to buy this tech stock (NVDA) with red hot seasonals? [Video]

Giles Coghlan LLB, Lth, MA Financial Source

With a potential Fed hike coming tech stocks could rise further as the Nasdaq has seen further gains recently.

Nvidia seasonals are extremely strong. Over the last 10 years, Nvidia has risen a total of 10 times in 10 years between July 14 and September 07 with an average return of +7.81%. The largest gain was in 2016 with a 16.85% gain.

Major Trade Risks: US equities are very highly valued right now and at some point, a correction is due, so investors need to be aware of a potential correction.

Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units for the gaming and professional markets.

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Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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