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Possible Trend Reversal, Nvidia Corp Down on Heavy Volume (NVDA)

By David Diaz

The price of Nvidia Corp shares has slipped to $156.96 (a 4.5% change) on heavy trading volume. Approximately 16.0 million shares have changed hands today vs. 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 Corp on July 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $154.17. Since that recommendation, shares of Nvidia Corp have risen 6.9%. 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, Nvidia Corp share prices have been bracketed by a low of $44.57 and a high of $174.56 and are now at $157.80, 254% 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 corp

Ticker(s): NVDA