• Return to Headlines

Bullish Moving Average Cross by Nvidia Corp (NVDA)

By Amy Schwartz

Nvidia Corp (NASDAQ:NVDA) crossed over its 10-day moving average of $263.13 on a volume of 3.5 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Nvidia Corp has traded in a range of $139.76 to $267.91 and is now at $267.83, 92% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Nvidia Corp on May 4th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $235.16. Since that recommendation, shares of Nvidia Corp have risen 11.6%. 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