The Nasdaq Crashed. Nvidia Didn’t.

Relative strength can often be a useful concept. There are indicators to measure relative strength, but one simple method is simply looking for stocks that hold their ground when the market crashes.

Semiconductor company Nvidia seems to fit this bill.

NVDA is a member of the Nasdaq-100, Philadelphia Semiconductor Index and SPDR Technology ETF. All three fell under their 50-day simple moving averages (SMAs) during the recent volatility. NVDA, however, never even came close to breaching that line.

NVDA has also formed a triangle and seen its Bollinger Band Width tighten back to normal from overextended levels.

This semiconductor company faces some near-term jitters over its proposed acquisition of Arm Holdings. But with such a strong trend in place and the successful integration of Mellanox in the rearview mirror, the bears might not have much ammunition.

With NVDA breaking the downward trend line that began on September 3 and prices back above the 8-day exponential moving average (EMA), traders may lean on the bull side and find themselves accelerating the shares higher.