| NVIDIA Bears Firmly in Control |
| Written by Christoper Lynn |
| Thursday, 29 July 2010 12:34 |
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NVIDIA Corporation (NASDAQ:NVDA) designs, develops, and markets three dimensional graphics processors and related software. Its products provide interactive 3D graphics to the mainstream personal computer market. NVIDIA is currently trading -9.97% versus its previous trading session close, and it has calculated support and resistance at $10.17 and $10.83 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range The overall market index S&P 500 is trading lower by -0.88% from its previous trading close, which means that NVIDIA stock is underperforming the overall market. |
New York, July 29th (TradersHuddle.com) - Shares of NVIDIA Corporation (NASDAQ:NVDA) booked a new 52 week low by trading below $9.9, traders are definitely monitoring NVIDIA's price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.TradersHuddle provides recommendations based on an algorithm that considers key technical indicators, as well as, support and resistance levels.
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