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Nvidia: 52-Week High Recently Eclipsed (NVDA)

By Amy Schwartz

Nvidia (NASDAQ:NVDA) traded at a new 52-week high today of $138.20. So far today approximately 6.9 million shares have been exchanged, as compared to an average 30-day volume of 8.1 million shares.

In the past 52 weeks, shares of Nvidia have traded between a low of $19.09 and a high of $138.20 and are now at $137.82, which is 622% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 0.9%.

Nvidia (NASDAQ:NVDA) is currently priced 13.1% above its average consensus analyst price target of $119.73. The stock should discover initial support at its 50-day moving average (MA) of $34.61 and subsequent support at its 200-day MA of $28.99.

NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company's products provide interactive 3D graphics to the mainstream personal computer market.

SmarTrend recommended that subscribers consider buying shares of Nvidia on April 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.79. Since that recommendation, shares of Nvidia have risen 29.5%. We continue to monitor NVDA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows NVidia

Ticker(s): NVDA