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Nvidia (NVDA) Breaks Through Resistance at $135.32

By Nick Russo

Shares of Nvidia (NASDAQ:NVDA) opened today above their pivot of $131.18 and have already reached the first level of resistance at $135.32. Analysts will be watching for a cross of the next upside pivot targets of $137.56 and $143.94.

Nvidia (NASDAQ:NVDA) defies analysts with a current price ($137.82) 13.1% above its average consensus price target of $119.73. Nvidia shares have support at the 50-day moving average (MA) of $34.61 and additional support at the 200-day MA of $28.99.

In the past 52 weeks, shares of Nvidia have traded between a low of $19.09 and a high of $138.20 and are now at $137.82, which is 622% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Nvidia on April 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.79. Since that recommendation, shares of Nvidia have risen 29.5%. We continue to monitor NVDA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts NVidia

Ticker(s): NVDA