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Nvidia seeks a bottom to bolster it - Analysis - 23-02-2023
Nvidia's stock (NVDA) advanced in the last session after reporting forecast-beating profits at 88 cents per share on earnings of $6.05 billion, with Wall Street expecting 81 cents on earnings of $6.02 billion, sending the stock up 0.48% in the last session, or 99 cents, and settling at 207.54, with trading volumes surpassing 51 million shares, slightly below 10-day averages.
Technically, the stock is seeking a bottom to bounce it higher anew, amid the dominance of the upward correctional short-term trend, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI compared to the stock's movements.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 230.20, provided the support of 192.75 holds on.
Expected trend for today: Bullish
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Xerox receives some support - Analysis - 23-02-2023
Xerox Holdings Corp's stock (XRX) rose in the intraday levels, after leaning on the 50-day SMA support, and lending it positive momentum, while buoyed by piercing the main downward trend line previously, marking a profit of 0.12% in the last session, or two cents, and settling at 16.25, with negative signals from the RSI, curbing recent gains.
MoreAmerican International climbs amid negative pressures - Analysis - 23-02-2023
American International Group's stock (AIG) rose in the intraday levels, marking a fresh profit of 1.57% in the last session, or 94 cents, and settling at 60.66, while hurt by piercing the upward trend line recently, with negative pressure from the 50-day SMA, coupled with negative divergence in the RSI after reaching overbought levels compared to the stock's movements.
MorePVH tries to regain footing - Analysis - 23-02-2023
PVH Corp's stock rose in the intraday levels after leaning on the support of the 50-day SMA, marking a profit of 1.88% in the last session, or 1.48 points, settling at 80.16, amid the dominance of the upward correctional trend in the short term, with positive signals from the RSI after reaching oversold levels.
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