Market Overview

Nvidia Higher Ahead Of Q1 Report

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NVIDIA Corporation (NASDAQ: NVDA) shares are trading higher by $1.23 at $104.00 in Tuesday's session.

After Tuesday's close, the company will reveal Q1 results. Street estimates for EPS stand at $0.67 on revenues of $1.91 billion.

See Also: Sentiment Remains Soft On Nvidia

After a lower open, it had a brief retreat but found support just ahead of Monday's close ($102.77) at $102.66 and began to move higher. The ensuing rally has found resistance just before its May 4 high ($104.95), only reaching $104.80.

Since making that high, it has retreated to the $104.00 area.

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