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Bearish Moving Average Cross by Nvidia Corp (NVDA)

By Nick Russo

Nvidia Corp (NASDAQ:NVDA) shares have crossed bearishly below their 10-day moving average of $256.15 on a volume of 10.9 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Nvidia Corp have traded between a low of $157.37 and a high of $269.20 and are now at $246.81, which is 57% above that low price. The 200-day and 50-day moving averages have moved 0.51% higher and 0.15% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Nvidia Corp and will alert subscribers who have NVDA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses nvidia corp

Ticker(s): NVDA