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Watch for Shares of Nvidia Corp (NVDA) to Approach Support at $168.35

By Nick Russo

Shares of Nvidia Corp (NASDAQ:NVDA) have bearishly opened below the pivot of $170.65 today and have reached the first support level of $169.41. Analysts will be watching for a cross of the next downside pivot targets of $168.35 and $166.05.

Potential upside of 0.0% exists for Nvidia Corp, based on a current level of $0.00 and analysts' average consensus price target of $145.50. The stock should find initial resistance at its 200-day moving average (MA) of $28.99 and further resistance at its 50-day MA of $34.61.

In the past 52 weeks, Nvidia Corp share prices have been bracketed by a current low of $0.00 and a high of $174.56 and are now at $0.00. 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%.

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: pivot alerts nvidia corp

Ticker(s): NVDA