Nvidia Bullish Moving Average Crossover Alert (NVDA)
Today, shares of Nvidia (NASDAQ:NVDA) have crossed bullishly above their 10-day moving average of $46.68 on a volume of 2.5 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Nvidia share prices have moved between a 52-week high of $47.66 and a 52-week low of $19.09 and are now trading 148% above that low price at $47.37 per share. The 200-day and 50-day moving averages have moved 1.07% higher and 0.93% higher over the past week, respectively.
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 51.8%. We continue to monitor NVDA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses NVidia