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Bearish Moving Average Cross by Nvidia Corp (NVDA)

By David Diaz

Nvidia Corp (NASDAQ:NVDA) shares have crossed bearishly below their 10-day moving average of $155.53 on a volume of 2.3 million shares. This may provide swing traders with an opportunity 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 $124.46 and a high of $292.76 and are now at $152.25, which is 22% above that low price. The 200-day and 50-day moving averages have moved 0.58% lower and 0.67% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Nvidia Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nvidia Corp in search of a potential trend change.

Keywords: moving crosses nvidia corp

Ticker(s): NVDA