Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $290.00 short put and a strike $285.00 long put offers a potential 58.73% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $290.00 by expiration. The full premium credit of $1.85 would be kept by the premium seller. The risk of $3.15 would be incurred if the stock dropped below the $285.00 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 55.84 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
Warren Buffett's Value Investing Vs. Tech-Driven Growth
Tue, 05 May 2020 18:05:06 +0000
Warren Buffett's Value Investing Vs. Tech-Driven Growth
"Merger Monday" to Benefit These ETFs
Tue, 05 May 2020 14:30:02 +0000
Amid coronavirus-related uncertainties, Intel and Nvidia announced two acquisitions that can facilitated their existing portfolio.
6 Tech Giants Setting the Northbound Trajectory of Wall Street
Tue, 05 May 2020 12:47:12 +0000
Among the top performers, it was the technology sector that alone set the Wall Street rally on track.
Intel and Nvidia turn Merger Monday into a blockbuster sequel
Tue, 05 May 2020 10:14:00 +0000
The COVID-19 pandemic didn’t put the brakes on Merger Monday this week, as two large chip makers announced deals Monday that shore up holdings from previous acquisitions.
US Indexes End With Gains Monday
Mon, 04 May 2020 22:05:29 +0000
Nasdaq gains 1.23% Continue reading…
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