Nvidia Corp (NVDA) Down 1.73%; in an Uptrend Over Past 90 Days

Nvidia Corp 4 Hour Price Update

Updated July 22, 2020 04:32 PM GMT (12:32 PM EST)

NVDA traders saw its share price increase 1.43% ($5.92) over the past four hours of trading. To help put that in perspective, note that Nvidia Corp’s peers in the in the Electronic Equipment industry are up 0.12% on average during this time, while its peers in the broader Technology sector are up by an average of 0.42%.

Nvidia Corp Daily Price Recap

The choppiness in the recent daily price action of Nvidia Corp continues; to start today, it came in at a price of 413.14 US dollars, down 1.73% ($7.29) since the previous day. This move happened on lower volume, as yesterday’s volume was down 2.46% from the day before — and down 44.81% from the same day the week before. Below is a daily price chart of Nvidia Corp.

Nvidia Corp Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Nvidia Corp’s price has gone up 5 of the previous 10 trading days.

Overheard Around the Web

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

    $NVDA They know you’re emotionally attached to meme 420. As soon as they drive it up there, they bring it back down. I made quite a bit of money this week buying puts when it approached or went past 420. Then sold them when it fell. This happened multiple times this week. I want $NVDA to succeed, and I know it will long term, but you’re being toyed with.

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