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Nvidia Corp (NVDA) Crosses Pivot Point Resistance at $249.92

By David Diaz

Shares of Nvidia Corp (NASDAQ:NVDA) opened today above their pivot of $248.51 and have already reached the first level of resistance at $249.92. Should the shares continue to rise, the resistance pivots of $252.31 and $256.11 will be of interest.

There is potential upside of 10.1% for shares of Nvidia Corp based on a current price of $250.97 and an average consensus analyst price target of $276.28. Nvidia Corp shares have support at the 50-day moving average (MA) of $250.52 and additional support at the 200-day MA of $224.98.

Nvidia Corp share prices have moved between a 52-week high of $269.20 and a 52-week low of $148.68 and are now trading 69% above that low price at $250.97 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

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: pivot alerts nvidia corp

Ticker(s): NVDA