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Should you buy Nvidia (NVDA)?

Nvidia (NVDA) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NVDA broke through the 50-day moving average, which suggests a short-term bullish trend.

Is NVDA a short-term bullish trend?

Recently, NVDA broke through the 50-day moving average, which suggests a short-term bullish trend. The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities.

Why is the 50-day simple moving average important?

The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.

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