NVIDIA (NVDA) NewsBite - NVDA Trading Higher Ahead Of Earnings

NVIDIA (NasdaqNM: NVDA) opened at $12.15. So far today, the stock has hit a low of $12.08 and a high of $12.39. NVDA is now trading at $12.19, up $0.21 (1.75%). The stock hit its 52-Week high of $16.58 in September and set its 52-Week low of $5.75 last November. The stock is moving higher today ahead of this afternoon's earnings report. Analysts are expecting to see the company show third quarter earnings of 10 cents per share. For the same period last year the company had earnings of 20 cents per share. Technical indicators for the stock are neutral and S&P gives NVDA a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on NVDA the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 10 range.

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Related terms: earnings, S&P