Nvidia Tests 260-Day MA Support After June Slide to $192

Nvidia is testing its 260-day moving average for the first time since April after a sharp June pullback. The stock fell below its 50-day average on June 23, extended losses to briefly test the 200-day line on June 26, and closed at $192.53 on June 29 after a 14.19% monthly decline. A head-and-shoulders breakdown prompted a $170 price target, though June 30 analysis highlights a historically bullish setup near the 260-day MA with an 83% success rate and average 12.8% one-month gain, alongside elevated bullish options activity.