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Nvidia Corp (NVDA) Crosses Pivot Point Support at $255.32

By Shiri Gupta

Nvidia Corp (NASDAQ:NVDA) has opened bearishly below the pivot of $257.29 today and has reached the first level of support at $255.32. Should the shares continue to fall, the support pivots of $254.19 and $251.09 will be of interest.

Nvidia Corp share prices have moved between a 52-week high of $269.20 and a 52-week low of $152.91 and are now trading 67% above that low price at $254.90 per share. The 200-day and 50-day moving averages have moved 0.51% higher and 0.22% higher over the past week, respectively.

Potential upside of 8.4% exists for Nvidia Corp, based on a current level of $254.90 and analysts' average consensus price target of $276.28. The stock should discover initial support at its 50-day moving average (MA) of $252.70 and subsequent support at its 200-day MA of $231.82.

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