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Bearish Moving Average Cross by Nvidia Corp (NVDA)

By Nick Russo

Today, shares of Nvidia Corp (NASDAQ:NVDA) have crossed bearishly below their 10-day moving average of $182.63 on a volume of 2.9 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Nvidia Corp share prices have moved between a 52-week high of $292.76 and a 52-week low of $124.46 and are now trading 43% above that low price at $177.45 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.9%.

SmarTrend recommended that subscribers consider buying shares of Nvidia Corp on January 14th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $148.62. Since that recommendation, shares of Nvidia Corp have risen 23.1%. We continue to monitor NVDA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nvidia corp

Ticker(s): NVDA