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Nvidia Trading Higher Today on Above-Average Volume, Consistent With Trend (NVDA)

By Shiri Gupta

Nvidia shares are trading on heavy volume today, having risen 0.8% to $158.65. About 10.2 million shares have been traded today, as compared to the 30-day average 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 53.0%. 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 $168.50 and are now at $159.77, which is 737% 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%.

Keywords: unusual volume NVidia

Ticker(s): NVDA