Nvidia Technical Analysis Flashes Warning As NVDA Stock Slips Below Key Moving Averages, But Analysts Still See 18.11% Upside: Here's More

Benzinga · Dec 17 20:31

Nvidia Corp's (NASDAQ:NVDA) shares slipped below its short-term moving averages, indicating a potential test for its support levels near the 200-day moving averages amid CNBC'sJim Cramer's warning on the semiconductor stock.

What Happened:From a technical perspective, the analysis of daily moving averages indicates that the stock may be under pressure in the short term.

The stock ended at $130.95 apiece in after-hours on Monday. This was below its eight and 20-day simple moving averages, of $138.04 and $139.83, respectively. As per Benzinga Pro data, its current stock price was also lower than the 50-day moving...

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Nvidia Technical Analysis Flashes Warning As NVDA Stock Slips Below Key Moving Averages, But Analysts Still See 18.11% Upside: Here's More

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