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Watch for Nvidia Corp to Potentially Rebound After Falling 3.29% Yesterday

By Nick Russo

Nvidia Corp (NASDAQ:NVDA) traded in a range yesterday that spanned from a low of $205.09 to a high of $211.43. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $205.28 on volume of 5.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Nvidia Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nvidia Corp in search of a potential trend change.

In the past 52 weeks, shares of Nvidia Corp have traded between a low of $176.01 and a high of $292.76 and are now at $207.79, which is 18% above that low price. The 200-day and 50-day moving averages have moved 0.15% lower and 1.45% lower over the past week, respectively.

Keywords: rebounders nvidia corp

Ticker(s): NVDA