NVIDIA (NVDA) Approaches 200-Day SMA Following Q4 Numbers, Light Q1 Outlook
NVIDIA (Nasdaq: NVDA) shares are lower Thursday morning following quarterly results and outlook Wednesday night. Though Q4 results were in-line, first-quarter guidance missed expectations. For more on the numbers, click here.
Ahead of the bell, NVIDIA shares are also approaching the technical 200-day SMA support level, which is at about $15.05 on a 1-year chart. NVIDIA shares last crossed at $15.15, down about 6.3 percent.
NVIDIA crossed above the 200-day earlier in February, after being below it -- and producing sub-par performance -- in June 2011.
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Ahead of the bell, NVIDIA shares are also approaching the technical 200-day SMA support level, which is at about $15.05 on a 1-year chart. NVIDIA shares last crossed at $15.15, down about 6.3 percent.
NVIDIA crossed above the 200-day earlier in February, after being below it -- and producing sub-par performance -- in June 2011.
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