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Nvidia Corp Bearish Moving Average Crossover Alert (NVDA)

By Amy Schwartz

Today, shares of Nvidia Corp (NASDAQ:NVDA) have fallen below their 10-day MA of $189.17 on a volume of 2.3 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Nvidia Corp have traded between a low of $124.46 and a high of $292.76 and are now at $186.17, which is 50% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.0% while the 200-day MA has slid 0.7%.

SmarTrend is tracking the current trend status for Nvidia Corp and will alert subscribers who have NVDA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses nvidia corp

Ticker(s): NVDA