Nvidia Corp (NVDA) Heads Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

Nvidia Corp 4 Hour Price Update

Updated July 21, 2020 04:26 PM GMT (12:26 PM EST)

The price of NVDA dropped $-7.68 (-1.83%) over the past four hours. For context, Nvidia Corp’s peers in the in the Electronic Equipment industry are up 0.22% on average in this time, while its peers in the broader Technology sector are down by an average of -0.37%.

Nvidia Corp Daily Price Recap

Nvidia Corp closed yesterday up 3.03% ($12.37); this denotes the 2nd day in a row an upward move has occurred. The change in price came along side change in volume that was up 5.75% from previous day, but down 42.52% from the Monday of last week. Below is a daily price chart of Nvidia Corp.

Nvidia Corp Technical Analysis

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 6 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:

    $TSLA $NVDA $AMD $AAPL $SPY reached topper channel line, bounced back. 10 days for bulls to take profit.
    For them who are asking me again and again, why you are bearish: im not the buyer of 10$-pen for 150 bucks.
    Is that explaining good enough for you "smart" longies?
    Significant break-through lower channer-line, would signalise me bulls fake game/trend is over.
    They can say powell many thx , that he brought the stock market in zone of no mans land, simply fake market. If you have some brain cells you understand that, if not – zombi is your first and second name. (zombi^2)

    roni76