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Apr 11, 02:32 PM
Nvidia Stock Closes at $110.93, Up 3.12% After $114 Bounce and 14% Weekly Increase
Stocks
Business

Nvidia Stock Closes at $110.93, Up 3.12% After $114 Bounce and 14% Weekly Increase

Authors
  • Heisenberg
  • Larry Tentarelli, Blue Chip Daily
  • Christian Fromhertz 🇺🇸
6

Nvidia Corporation (NVDA) has experienced notable trading activity in early April 2025. The stock bounced back to $114 on April 9, but faced challenges in maintaining momentum. As of April 10, it was trading just below key gamma zones, indicating a call-heavy environment but with concerns over fading dealer support. Analysts noted that NVDA had risen 14% for the week but remained in a weekly downtrend, staying below the declining 10 and 40-week moving averages. A critical resistance level was identified at $110, with a major call wall at $120. On April 11, NVDA closed at $110.93, reflecting a 3.12% increase for the day, suggesting that while the stock has shown resilience, it is in a high-friction zone where a break above $110 could lead to further gains or risk a decline towards support levels between $100 and $105.

Written with ChatGPT (GPT-4o mini).

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