Headline: Nvidia Breaks Higher as Earnings Fuel Bullish Technical Momentum
Nvidia shares are rallying after the chipmaker topped expectations and raised its outlook, igniting a strong technical breakout. The stock is up roughly 3.9% to about $193.80, with buyers leaning into the move as key support and resistance levels give way.
On the daily time frame, this week’s pullback found support near the 100-day moving average, a zone that has now acted as a springboard for renewed upside. That hold reinforces the broader uptrend and suggests dip buyers remain active in the AI chip leader. The rebound adds credibility to the bullish bias following the earnings catalyst and upbeat guidance.
Intraday action further strengthens the case for momentum. A gap higher pushed price above the 50-hour, 200-hour, and 100-hour moving averages—around $188.20, $190.14, and $193.00, respectively. As long as the stock holds above the 100-hour level, bulls are in control and the path of least resistance points higher. A sustained move back below that threshold could invite a corrective pullback toward the 200-hour area, where buyers may look to reassess risk.
Key Points – Nvidia stock jumps about 3.9% to roughly $193.80 after an earnings beat and stronger guidance. – This week’s low held near the 100-day moving average, firming up longer-term support. – A gap higher cleared the 50-hour, 200-hour, and 100-hour moving averages. – Maintaining price above the 100-hour MA keeps the short-term bullish bias intact. – A break back below the 100-hour MA could see a retracement toward the 200-hour zone. – Overall momentum favors buyers while the stock holds above these key averages.
