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Bullish Moving Average Cross by Nvidia Corp (NVDA)

By Amy Schwartz

Today, shares of Nvidia Corp (NASDAQ:NVDA) have advanced above their 10-day MA of $173.92 on a volume of 4.9 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 $124.46 to $292.76 and is now at $181.05, 45% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.4%.

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 16.9%. 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