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Nvidia Corp: The Winning Streak Continues (NVDA)

By David Diaz

Nvidia Corp (NASDAQ:NVDA) traded at a new 52-week high today of $254.27. This new high was reached on below average trading volume as 3.4 million shares traded hands, while the average 30-day volume is approximately 8.1 million shares.

Nvidia Corp (NASDAQ:NVDA) is currently priced 1.4% above its average consensus analyst price target of $250.00. Nvidia Corp shares have support at the 50-day moving average (MA) of $34.61 and additional support at the 200-day MA of $28.99.

Over the past year, Nvidia Corp has traded in a range of $44.57 to $254.27 and is now at $253.52, 469% above that low. 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%.

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 Corp on February 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $236.57. Since that recommendation, shares of Nvidia Corp have risen 5.6%. 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 corp

Ticker(s): NVDA