Barchart.com
Ahead of Nvidia Earnings, Here's What Barchart Data Says Comes Next for NVDA Stock
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xCruzo Brief
Ahead of Nvidia’s fiscal Q2 earnings release after the market closes on Aug. 26, Barchart data points to a broadly bullish setup for NVDA stock. Shares are edging lower, but the technical picture remains positive: the stock trades above major moving averages and its RSI sits in the low 50s, suggesting it is not yet near overbought levels. Options activity also looks supportive, with a put-to-call ratio of 0.69x for contracts expiring Aug. 28. Barchart notes the upper price on those contracts is above $226, implying a potential move of more than 5% on earnings day. BMO Capital Markets reiterates Nvidia as a “Top Pick,” citing a $340 price target and a nearly 60% upside case.
xCruzo quick-read summary • Source: Barchart.com • Read the full article for complete information.
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