Nvidia (NVDA) Offering Possible 17.65% Return Over the Next 6 Calendar Days

Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $260.00 short put and a strike $255.00 long put offers a potential 17.65% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $260.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $255.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Nvidia is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Nvidia is bullish.

The RSI indicator is at 67 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Nvidia

Nvidia (NVDA) Stock Sinks As Market Gains: What You Should Know
Thu, 09 Apr 2020 21:45:09 +0000
Nvidia (NVDA) closed the most recent trading day at $262.86, moving -1.53% from the previous trading session.

As Stock Buybacks Fall, Cash-Rich Companies May Gobble Up Smaller Rivals
Thu, 09 Apr 2020 17:01:06 +0000
As stock buybacks go out of favor, cash-rich companies could go shopping and consolidate market share when the coronavirus emergency eases, says Strategas Research Partners.

The Zacks Analyst Blog Highlights: AeroVironment, Cadence Design Systems, PTC, NVIDIA and TransEnterix
Thu, 09 Apr 2020 14:21:02 +0000
The Zacks Analyst Blog Highlights: AeroVironment, Cadence Design Systems, PTC, NVIDIA and TransEnterix

Dow Jones Futures: Coronavirus Stock Market Rally Lacks Two Key Qualities; Analyzing Five Key Stocks
Thu, 09 Apr 2020 12:14:42 +0000
The coronavirus market rally had a strong day, but growth stocks are lagging and breakouts lacking. Costco fell late on March sales. Apple, Amazon, Microsoft, Dexcom and Nvidia are in focus.

Google gifts two-months access to Stadia Pro as gamers stay at home
Wed, 08 Apr 2020 18:19:15 +0000
Alphabet Inc's Google said on Wednesday it would give two months of free access to the paid version of its cloud-based game streaming platform Stadia as people are confined to their homes due to the coronavirus outbreak. Users can access Stadia by downloading the app on their iOS or Android phones or by signing up on its website. The paid version, Stadia Pro, otherwise costs $9.99 a month and offers access to games such as “GRID” and “Destiny 2: The Collection” in 4K resolution.

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