Have Nvidia Shares Finally Hit Bottom?

TheStreet2021-03-12

Nvidia has been hammered from its highs, down about 25% at the recent low. Is that the bottom? Nvidia has been a bit of an anomaly. It hasn’t participated in the rally that growth stocks have seen for...

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It hasn’t participated in the rally that growth stocks have seen for...</p>\n\n<a href=\"https://www.thestreet.com/investing/nvidia-nvda-stock-buy-the-dip-trading-031121\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Have Nvidia Shares Finally Hit Bottom?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHave Nvidia Shares Finally Hit Bottom?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/nvidia-nvda-stock-buy-the-dip-trading-031121><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia has been hammered from its highs, down about 25% at the recent low. Is that the bottom?\nNvidia has been a bit of an anomaly. It hasn’t participated in the rally that growth stocks have seen for...</p>\n\n<a href=\"https://www.thestreet.com/investing/nvidia-nvda-stock-buy-the-dip-trading-031121\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDA","symbol_name":"英伟达","start_time":0,"source_url":"https://www.thestreet.com/investing/nvidia-nvda-stock-buy-the-dip-trading-031121","article_id":"1174750381","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174750381","pubTimestamp":1615536038,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Nvidia has been hammered from its highs, down about 25% at the recent low. Is that the bottom?\nNvidi","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVDA":"英伟达"},"translate_title":"英伟达股价终于触底了吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":0.9},"content_text":"Nvidia has been hammered from its highs, down about 25% at the recent low. Is that the bottom?\nNvidia has been a bit of an anomaly. It hasn’t participated in the rally that growth stocks have seen for the last several quarters, but it’s not exactly considered a FAANG holding.\nWhile lacking the hyper growth that some of its smaller peers boast, Nvidia has pretty respectable growth among the investment community.\nIn essence, it sits somewhere between FAANG and high-growth stocks. Yet, it seems to be punished on both fronts.\nNvidia has stagnated like FAANG stocks have over the past few quarters, as Apple, Amazon and others continue to consolidate in a sideways manner.\nNow it’s selling off with high-growth stocks. At its recent low, Nvidia stock was down almost 25%.\nIt’s worth mentioning that those losses outpaced Advanced Micro Devices as well, which dipped 21.6% at its low.\nWith shares bouncing now, has Nvidia bottomed?\nTrading Nvidia\nDaily chart of Nvidia stock.\nLate last week, Nvidia looked like it was ready to break down, as shares were trading below the September low and the 200-day moving average. Then the stock posted a strong bounce before the close.\nThis is a great lesson on applying multiple timeframes to one’s analysis.\nOn Monday, shares closed at the lows and aggressively below the 200-day moving average. For what it’s worth, this was also below the preceding session’s low (Friday March 5), as well as the September low.\nBy the looks of the daily chart, this stock was toast.\nBut look at that 50-weekmoving average sitting down there. Not that there’s anything particularly special about thismoving average in particular, but it was a signal that Nvidia may not be ready to roll over quite yet.\nIt may not have been enough to inspire bulls to buy, but perhaps it was enough to keep them from selling.\nNvidia has since ricocheted higher, as it now tries to close above its 10-day moving average.\nI want to say Nvidia stock has bottomed at this point. Perhaps growth stocks have one more leg down, but even if that’s the case, I’d like to see this name avoid another new low.\nIf it can stay above $500 and the 200-day moving average, look to see how it handles its 50-day and 100-day moving averages near $540.\nThe action might remain choppy, but Nvidia is a great company with strong fundamentals. Let’s see if the current lows hold.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":10,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1174750381"}