diff --git a/nvm.sh b/nvm.sh
index 7f11cdd..6ae7c35 100644
--- a/nvm.sh
+++ b/nvm.sh
@@ -412,6 +412,31 @@ nvm_num_version_groups() {
   nvm_echo "${#NVM_NUM_GROUPS}"
 }
 
+nvm_get_upgrade_version() {
+  if [ $# -lt 1 ]; then
+    nvm_echo 'N/A'
+    return 1
+  fi
+
+  local VERSION
+  VERSION="$1"
+
+  local semver_major
+  semver_major="$(nvm_echo \"$base_version\" | command sed -e 's/v\([0-9]\+\)\.\([0-9]\+\).*/\1/')"
+
+  local semver_minor
+  semver_minor="$(nvm_echo \"$base_version\" | command sed -e 's/v\([0-9]\+\)\.\([0-9]\+\).*/\2/')"
+
+  local install_version
+  if [ $semver_major = '0' ]; then
+    install_version="v0.$semver_minor"
+  else
+    install_version="v$semver_major"
+  fi
+
+  nvm_echo "$(nvm_remote_version \"$install_version\")"
+}
+
 nvm_strip_path() {
   if [ -z "${NVM_DIR-}" ]; then
     nvm_err '$NVM_DIR not set!'
@@ -1753,6 +1778,7 @@ nvm() {
       nvm_echo '  nvm --version                             Print out the latest released version of nvm'
       nvm_echo '  nvm install [-s] <version>                Download and install a <version>, [-s] from source. Uses .nvmrc if available'
       nvm_echo '    --reinstall-packages-from=<version>     When installing, reinstall packages installed in <node|iojs|node version number>'
+      nvm_echo '  nvm upgrade [<version>]                   Upgrade to the latest minor/patch version'
       nvm_echo '  nvm uninstall <version>                   Uninstall a version'
       nvm_echo '  nvm use [--silent] <version>              Modify PATH to use <version>. Uses .nvmrc if available'
       nvm_echo '  nvm exec [--silent] <version> [<command>] Run <command> on <version>. Uses .nvmrc if available'
@@ -1967,6 +1993,37 @@ nvm() {
       fi
       return $?
     ;;
+    "upgrade" )
+      local base_version
+      base_version="$(nvm_ls_current)"
+
+      if [ $# -ge 2 ]; then
+        base_version="$(nvm_match_version \"$1\")"
+      fi
+
+      if [ $base_version = 'none' ]; then
+        nvm_err 'No version currently active, cannot upgrade'
+        return 1
+      fi
+
+      if [ $base_version = 'system' ]; then
+        nvm_err 'Cannot upgrade the system version of node'
+        return 1
+      fi
+
+      local install_version
+      install_version="$(nvm_get_upgrade_version \"$base_version\")"
+
+      if [ $install_version = 'N/A' ]; then
+        nvm_err 'Unable to determine the version to upgrade to'
+        return 2
+      fi
+
+      nvm_echo "Upgrading $base_version to $install_version"
+      nvm_echo "($base_version will remain installed. Please adjust your aliases as necessary.)"
+      nvm install "$install_version" --reinstall-packages-from="$base_version"
+      return $?
+    ;;
     "uninstall" )
       if [ $# -ne 2 ]; then
         >&2 nvm --help
diff --git "a/test/slow/nvm upgrade/Running \"nvm upgrade\" installs latest v0.12" "b/test/slow/nvm upgrade/Running \"nvm upgrade\" installs latest v0.12"
new file mode 100755
index 0000000..92bc682
--- /dev/null
+++ "b/test/slow/nvm upgrade/Running \"nvm upgrade\" installs latest v0.12"	
@@ -0,0 +1,22 @@
+#!/bin/sh
+
+die () { echo $@ ; exit 1; }
+
+# Source nvm and activate 0.12.0
+. ../../../nvm.sh
+nvm use 0.12.0
+
+# Install some global packages
+npm install -g npm || die "npm install -g npm failed"
+npm install -g object-is@0.0.0 || die "npm install -g object-is failed"
+npm list --global | grep object-is > /dev/null || die "object-is isn't installed"
+
+# Upgrade it
+nvm upgrade || die "Failed to run nvm upgrade"
+
+# Uninstall old version
+nvm uninstall 0.12.0
+
+# Make sure a newer version of 0.12 is still installed
+nvm ls | grep v0.12
+[ "$?" = "0" ] || die "Failed to upgrade node"
diff --git a/test/slow/nvm upgrade/setup_dir b/test/slow/nvm upgrade/setup_dir
new file mode 100755
index 0000000..15cbc05
--- /dev/null
+++ b/test/slow/nvm upgrade/setup_dir	
@@ -0,0 +1,4 @@
+#!/bin/sh
+
+. ../../../nvm.sh
+nvm install 0.12.0
diff --git a/test/slow/nvm upgrade/teardown_dir b/test/slow/nvm upgrade/teardown_dir
new file mode 100755
index 0000000..95f99fa
--- /dev/null
+++ b/test/slow/nvm upgrade/teardown_dir	
@@ -0,0 +1,5 @@
+#!/bin/sh
+
+. ../../../nvm.sh
+nvm uninstall 0.12
+nvm deactivate