Bullish Moving Average Cross by Nvidia (NVDA)
Today, shares of Nvidia (NASDAQ:NVDA) have crossed bullishly above their 10-day moving average of $46.92 on a volume of 2.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Nvidia share prices have moved between a 52-week high of $48.17 and a 52-week low of $19.09 and are now trading 150% above that low price at $47.82 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 1.1%.
SmarTrend recommended that subscribers consider buying shares of Nvidia on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.44. Since that recommendation, shares of Nvidia have risen 53.5%. We continue to monitor NVDA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses NVidia