[May 21, 2013] Nvidia (NVDA) Breaks Through Resistance at $14.90 Tweet May 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Nvidia (NASDAQ:NVDA) opened today above their pivot of $14.83 and have already reached the first level of resistance at $14.90. Investors may be interested in a cross of the next upside pivot targets of $14.96 and $15.09. Over the past year, Nvidia has traded in a range of $11.15 to $15.22 and is now at $14.77, 32% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%. Nvidia has overhead space with shares priced $14.77, or 1.7% below the average consensus analyst price target of $15.02. The stock should find initial support at its 50-day moving average (MA) of $13.15 and further support at its 200-day MA of $12.92. SmarTrend recommended that subscribers consider buying shares of Nvidia on January 3rd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.73. Since that recommendation, shares of Nvidia have risen 16.6%. We continue to monitor NVDA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]