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Stock Of The Day: Will Nvidia Ever Break Out?
Benzinga· 2026-03-12 13:50
NVIDIA Corporation (NASDAQ:NVDA) is trading sideways on Thursday. It has been in a well-defined range since December.There are two different strategies traders generally use with range-bound stocks. This is why NVIDIA is the Stock of the Day.A trading range has resistance on the top and support on the bottom. As you can see on the chart, the range for Nvidia is between $171 and $195.Resistance in a market can stay intact because of remorseful buyers. These are people who regret purchasing shares at the resi ...