Nvidia (NASDAQ:NVDA) has opened bullishly above the pivot of $12.34 today and has reached the first level of resistance at $12.47. Investors may be interested in a cross of the next upside pivot targets of $12.56 and $12.79.
Nvidia share prices have moved between a 52-week high of $15.66 and a 52-week low of $11.15 and are now trading 12% above that low price at $12.47 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
Nvidia (NASDAQ:NVDA) has potential upside of 15.0% based on a current price of $12.47 and analysts' consensus price target of $14.34. The stock should find resistance at its 200-day moving average (MA) of $12.81, as well as support at its 50-day MA of $12.39.
NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company's products provide interactive 3D graphics to the mainstream personal computer market.