Nvidia Stock Price Flashes ‘Death Cross’ Technical Sell Signal
- Nvidia shares hit a “death cross” on Thursday signaling a potential downtrend after a 948% rally.
- A death cross occurs when a stock’s 50-day moving average price falls below its 200-day moving average.
- Analyst Ari Wald suggests the signal may not lead to a major decline, citing range-bound trading.
Nvidia shares flashed the dreaded “death cross” signal on Thursday.
The technical sell signal occurs when the 200-day moving average rises above the 50-day moving average.
The stock’s 50-day moving average hit $127.39, dipping below the 200-day moving average of $127.73 early in Thursday’s trading session before paring losses to rise about 1%.
The moving average crossover strategy can signal a…
