Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $377.50 short put and a strike $372.50 long put offers a potential 51.52% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $377.50 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $372.50 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 66.43 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
Is NVIDIA (NVDA) Outperforming Other Computer and Technology Stocks This Year?
Wed, 01 Jul 2020 15:30:03 +0000
Is (NVDA) Outperforming Other Computer and Technology Stocks This Year?
Why NVIDIA Is All Set to Break Out
Wed, 01 Jul 2020 11:45:00 +0000
Advanced Micro Devices (NASDAQ: AMD) took NVIDIA (NASDAQ: NVDA) by storm in the first calendar quarter of 2020, clocking nice market share growth in the discrete graphics cards space thanks to a couple of solid products that were launched last year.
Were Hedge Funds Right About Piling Into NVIDIA Corporation (NVDA)?
Wed, 01 Jul 2020 03:16:22 +0000
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
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Tue, 30 Jun 2020 20:05:00 +0000
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