
$NVDA (NVIDIA Corporation) is experiencing a slight uptick, currently up 1.7% following a series of down days. The stock has seen a decline of approximately 5% over the past month. It is currently positioned at its 50-day moving average (50dma), a level it has reached three times previously, which led to subsequent bounces. Additionally, there has been notable activity in options trading, with over $15 million in February call options being purchased ahead of the upcoming AVGO (Broadcom Inc.) earnings report. Market observers are closely watching whether this trend will lead to a significant movement in the stock's price.
$NVDA riding the 50ma and chewing on the 10ema daily
UPDATE 🚨 $NVDA is up 1.7% after some down days Stock is down around 5% over the past month https://t.co/UKWIlqR1zH
$NVDA with big Feb calls buying again into AVGO earnings this week.. over $15M https://t.co/qXbKnK008P