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Nvidia Rising Today on Above-Average Volume (NVDA)

By Amy Schwartz

Shares of Nvidia are trading today in above average volume, with the share price rising 3.8% to $132.76. Today's volume of 9.6 million shares tops the average 30-day volume of 8.1 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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 24.4%. We continue to monitor NVDA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Nvidia have traded between a low of $19.09 and a high of $133.25 and are now at $132.56, which is 594% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 0.9%.

Keywords: unusual volume NVidia

Ticker(s): NVDA