Share to Twitter Share to Linkedin Nvidia NVDA gapped lower this morning on a negative reaction to a partial earnings report. The stock closed last week at $189.89 and traded as low as $172.42 this morning, down 9.2%. Nvidia is above its 50-day simple moving average at $170.18 and above its value level for this week at $169.35. The stock set its all-time intraday high of $346.47 on November 22, 2021 and traded as low as $140.55 on July 5, 2022. This was a bear market decline of 59.4%. From this low Nvidia rebounded by a bull market 37.1% rise to $192.74 below its annual pivot at $195.84. The Daily Chart for Nvidia Shares of Nvidia fell below a death cross on April 21, 2022, when the 50-day simple moving average moved below the 200-day simple moving average. The stock remains below this death cross. Its above the 50-day SMA at $170.17 and below its 200-day SMA at $231.41. There are four horizontal lines. At the top is the quarterly risky … [Read more...] about Nvidia Gapped Lower Monday On Partial Earnings Results. How To Trade This Stock Now
Share to Twitter Share to Linkedin Tesla TSLA tried to breakout above its 200-day simple moving average last week but broke below it on Monday as CEO Elon Musk reduced his holdings. Musk sold nearly $7 billion shares between Friday and Tuesday according to regulatory disclosures. He must be protecting his need to own shares of Twitter. It is not surprising that demand for Tesla automobiles is being hurt by inflationary pressures. Rising inflation is starting to cut consumer spending. Credit card balances are said to be at the highest level in more than 20 years. Consumer confidence is starting to decline as Americans begin to live paycheck to paycheck. The stock set its all-time intraday high of $1,243.49 on November 4, 2021 and traded as low as $620.57 on May 24, 2022. This was a bear market decline of 50%. From this low Tesla rebounded by a bull market 51.6% rise to $940.82 on August 4, above its semiannual pivot at $900.00. The Daily Chart … [Read more...] about Tesla Shares Failed To Hold Its 200-Day Simple Moving Average. Here’s How To Trade The Stock Now.