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Nvidia Corp (NVDA) Crosses Pivot Point Resistance at $263.88

By David Diaz

Shares of Nvidia Corp (NASDAQ:NVDA) have bullishly opened above the pivot of $261.77 today and have reached the first resistance level of $263.88. Investors may be interested in a cross of the next upside pivot targets of $265.18 and $268.59.

Potential upside of 4.8% exists for Nvidia Corp, based on a current level of $263.74 and analysts' average consensus price target of $276.28. Nvidia Corp shares have support at the 50-day moving average (MA) of $240.92 and additional support at the 200-day MA of $217.16.

Nvidia Corp share prices have moved between a 52-week high of $266.59 and a 52-week low of $139.76 and are now trading 89% above that low price at $263.74 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Nvidia Corp on May 4th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $235.16. Since that recommendation, shares of Nvidia Corp have risen 11.7%. We continue to monitor NVDA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts nvidia corp

Ticker(s): NVDA