NVIDA (NVDA) Closes Prior Hour Up 0.67%; Pin Bar Pattern Appearing on Chart, Moves Down For the 2nd Day In A Row, in an Uptrend Over Past 90 Days

Nvidia Corp Daily Price Recap

Nvidia Corp closed the day prior down 3.02% ($15.72); this denotes the 2nd day in a row a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 58.49% from the day prior, and up 357.57% from the same day the week before. Here is a daily price chart of Nvidia Corp.

NVDA

Nvidia Corp Technical Analysis

Coming into today Nvidia Corp is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Nvidia Corp’s price has gone up 7 of the previous 10 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard Around the Web

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

    Top Smart Money trades this morning according to InsiderFinance.io:

    1. $TSLA
    2. $AAPL
    3. $NVDA
    4. $ZM
    5. $SNPS

    Smart Market (smart money market sentiment) is overall bullish on technology after a choppy market yesterday, but there is some mixed bull and bear activity for these top stocks

    QuantInsider