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Nvidia (NVDA) Breaks Through Resistance at $66.30

By Amy Schwartz

Nvidia (NASDAQ:NVDA) has opened bullishly above the pivot of $65.91 today and has reached the first level of resistance at $66.30. Analysts will be watching for a cross of the next upside pivot targets of $66.99 and $68.07.

Nvidia (NASDAQ:NVDA) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $31.00. The stock should run into initial resistance at its 200-day moving average (MA) of $28.99 and subsequent resistance at its 50-day MA of $34.61.

Nvidia share prices have moved between a 52-week high of $69.70 and the current low of $0.00 and are currently at $0.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 1.1%.

SmarTrend recommended that subscribers consider buying shares of Nvidia on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.44. Since that recommendation, shares of Nvidia have risen 115.5%. 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