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Nvidia (NVDA) Breaks Through Resistance at $106.86

By James Quinn

Shares of Nvidia (NASDAQ:NVDA) have bullishly opened above the pivot of $105.33 today and have reached the first resistance level of $106.86. Should the shares continue to rise, the resistance pivots of $107.64 and $109.95 will be of interest.

Nvidia share prices have moved between a 52-week high of $120.92 and a 52-week low of $19.09 and are now trading 459% above that low price at $106.75 per share. The 200-day and 50-day moving averages have moved 1.07% higher and 0.93% higher over the past week, respectively.

Nvidia (NASDAQ:NVDA) has potential upside of 12.2% based on a current price of $106.75 and analysts' consensus price target of $119.73. The stock should discover initial support at its 50-day moving average (MA) of $34.61 and subsequent support at its 200-day MA of $28.99.

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

Keywords: pivot alerts NVidia

Ticker(s): NVDA