• Return to Headlines

Watch for Nvidia Corp to Potentially Rebound After Falling 5.63% Yesterday

By Amy Schwartz

Nvidia Corp (NASDAQ:NVDA) traded in a range yesterday that spanned from a low of $152.91 to a high of $159.00. Yesterday, the shares fell 5.6%, which took the trading range below the 3-day low of $164.33 on volume of 26.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Nvidia Corp share prices have moved between a 52-week high of $174.56 and a 52-week low of $44.57 and are now trading 248% above that low price at $155.21 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 1.1%.

Keywords: rebounders nvidia corp

Ticker(s): NVDA