NVE Corp (Ticker: NVEC) Showing Strength, Rally underway?

On Friday Dec. 8th NVE rallied $1.87 (4.97%) and closed near the high for the day. I’d been watching for any sign of strength returning and Friday’s was impressive. On Monday Dec. 4th NVE tested and bounced off the 50% Fibonacci retracement level – see the chart above. I used the weakness over the last few days to build new positions. I may be trigger happy, but this market strength has been forgiving of my over-anxiousness. Lets hope it continues to be.