Nvidia Corp (NVDA) Heads Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days

Nvidia Corp Daily Price Recap

Nvidia Corp came into today up 1.42% ($5.94) from the open of the day prior, marking the 2nd day in a row an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 7.33% from the day prior, and up 9.31% from the same day the week before. Let’s take a look at the daily price chart of Nvidia Corp.

NVDA

Nvidia Corp Technical Analysis

Volatility for Nvidia Corp has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to NVDA:

    $SOXX $AMD $NVDA $TSLA $NFLX

    The Sentiment Summary and Trading Playbook are now available for folks. Don't want to speak too soon but tomorrow looks like another expiration hit which will put the account at 25/28 since inception on 6/1 – i post all of my trades and don't actually suck at trading. go figure.

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    QuantTrader8