Nvidia (NVDA) Stock Rebounds Monday After 10% October Drop as Technical Warning Grows
Photo: CoinCentral
TLDR Nvidia stock fell 10% to $204.64 in October after a record close of $239.24. ICAP Technical Analysis says a key weekly support line was “decisively broken” last week. The next level down could be $185.94, with a 61.8% Fibonacci drop at $92.99. Nvidia was up 1.6% to $207.98 ahead of the open Monday. Analysts keep a “Buy” consensus with a $321.47 average price target. Nvidia (NVDA) stock is up 1.6% to $207.98 ahead of the open Monday. That follows a rough October for the chipmaker. NVIDIA Corporation, NVDA The stock fell 10% to $204.64 last month.
Source: CoinCentral
