NVIDIA (NVDA) NewsBite - NVDA Moves Lower on Neutral Broker Coverage
Posted: Thursday, March 18, 2010 11:08 AM EDT
By: Market Intelligence Center Staff
NVIDIA (NASDAQ: NVDA) opened at $18.04. So far today, the stock has hit a low of $17.50 and a high of $18.13. NVDA is now trading at $17.50, down $0.60 (-3.31%). Over the last 52 weeks the stock has ranged from a low of $8.33 to a high of $18.96. NVDA was initiated at Neutral this morning by analysts at Macquarie. Technical indicators for the stock are neutral and S&P gives NVDA a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on NVDA the stock seems like it could be a candidate for a June out-of-the-money bear-call credit spread above the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
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