Nvidia Technical Analysis: NVDA Stock Loses 50-Day MA. What Now?

Nvidia’s (NASDAQ:NVDA) leadership in artificial intelligence has attracted significant investor and trader interest. This has contributed to its 750% gains since the beginning of 2023, when Nvidia witnessed a golden cross between its 50-day and 200-day moving averages (MAs). On June 20, NVDA stock topped out. Now, based on recent Nvidia technical analysis, the pullback appears poised to continue while the stock trades below the 50-day MA around $120 per share.Nvidia’s impressive revenue and earnings growth ...