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Nvidia Corp
(NASDAQ: NVDA) Add to Portfolio
$176.94
-3.04 (-1.69%)
as of Sep 19, 2019

SmarTrend Watching for Potential Rebound in Shares of Nvidia Corp After 1.8

Nvidia Corp (NASDAQ:NVDA) traded in a range yesterday that spanned from a low of $151.16 to a high of $152.51. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $155.30 on volume of 4.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Nvidia Corp has traded in a range of $124.46 to $292.76 and is now at $152.51, 23% above that low. The 200-day and 50-day moving averages have moved 1.15% lower and 0.28% higher over the past week, respectively.

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.

Write to SmarTrend at cs@mysmartrend.com

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