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Nvidia Corp (NVDA) Crosses Pivot Point Resistance at $272.81

By David Diaz

Shares of Nvidia Corp (NASDAQ:NVDA) have bullishly opened above the pivot of $267.37 today and have reached the first resistance level of $272.81. Should the shares continue to rise, the resistance pivots of $277.43 and $287.49 will be of interest.

Potential upside of 1.4% exists for Nvidia Corp, based on a current level of $272.42 and analysts' average consensus price target of $276.28. The stock should find initial support at its 50-day moving average (MA) of $258.03 and further support at its 200-day MA of $238.57.

Over the past year, Nvidia Corp has traded in a range of $165.32 to $285.22 and is now at $272.42, 65% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend is monitoring the recent change of momentum in Nvidia Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nvidia Corp in search of a potential trend change.

Keywords: pivot alerts nvidia corp

Ticker(s): NVDA