• Return to Headlines

Watch for Nvidia Corp to Potentially Pullback After Gaining 2.75% Yesterday

By Shiri Gupta

Nvidia Corp (NASDAQ:NVDA) traded in a range yesterday that spanned from a low of $186.38 to a high of $189.34. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $185.08 on volume of 4.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Nvidia Corp share prices have moved between a 52-week high of $271.16 and a 52-week low of $124.46 and are now trading 51% above that low price at $188.07 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Nvidia Corp and will alert subscribers who have NVDA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders nvidia corp

Ticker(s): NVDA