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Shares of Nvidia Corp Rise to a New 52-Week High

By Amy Schwartz

Shares of Nvidia Corp (NASDAQ:NVDA) traded at a new 52-week high today of $326.90. Approximately 3.2 million shares have changed hands today, as compared to an average 30-day volume of 11.5 million shares.

In the past 52 weeks, shares of Nvidia Corp have traded between a low of $132.60 and a high of $326.90 and are now at $321.76, which is 143% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.1%.

Nvidia Corp (NASDAQ:NVDA) is currently priced 14.1% above its average consensus analyst price target of $276.28. The stock should find initial support at its 50-day moving average (MA) of $265.57 and further support at its 200-day MA of $223.24.

NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company offers products that provides interactive 3D graphics to the mainstream personal computer market.

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: 52 week high/lows nvidia corp

Ticker(s): NVDA