Nvidia's most recent trend suggests a bearish bias. One trading opportunity on Nvidia is a Bear Call Spread using a strike $275.00 short call and a strike $280.00 long call offers a potential 44.93% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $275.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock rose above the $280.00 long call 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 49.37 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
Chip Stocks Enter Intermediate Correction
Tue, 03 Mar 2020 16:58:41 +0000
The PHLX Semiconductor Index has crossed into a long-term sell cycle, warning that chip stocks could sell off into the third quarter.
Game Developers Conference canceled as tech conferences keep falling as fast as the stock market
Tue, 03 Mar 2020 16:13:00 +0000
At least five tech conferences were canceled this week due to risks associated with COVID-19, and several more were hit with the loss of major participants.
Chart Reading For Beginners: What's In A Stock Chart? Why Use Charts?
Tue, 03 Mar 2020 14:56:12 +0000
When you first start learning how to read stock charts, it can be a little intimidating. But you can quickly get up to speed with this new series on Chart Reading For Beginners.
Are Options Traders Betting on a Big Move in NVIDIA (NVDA) Stock?
Tue, 03 Mar 2020 14:14:02 +0000
Investors need to pay close attention to NVIDIA (NVDA) stock based on the movements in the options market lately.
Alphabet Fuels Autonomous Vehicle War Amid Coronavirus Woes
Tue, 03 Mar 2020 13:41:01 +0000
Alphabet (GOOGL) gains investor confidence with the latest Waymo funding despite the coronavirus outbreak, which intensifies competition in the self-driving space.
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