More Profit-Taking In NVIDIA After Recent Volatility

NVIDIA Corporation NVDA shares are trading lower by $3.60 $107.83 in Friday's session. At that level, the issue has gained 227 percent for 2016 from its 2015 year-end close of $32.96.

The issue was knocked off its parabolic move higher on Wednesday after Andrew Left of Citron Research put out a short recommendation on the issue, stating its true value was closer to $90.00.

Its fall from grace found support in Thursday's session at $102.80 and rallied to end the session higher on the day at $111.43. It was able to exceed that level off today's open, reaching $111.92 before reversing course.

The ensuing decline has taken the issue to $107.36 and it is attempting to remain in the $108 handle. The issue's all-time high was made on Wednesday at $119.93 and its all-time closing high was made the prior day at $117.32.