Shares of Nvidia (NASDAQ:NVDA) opened today above their pivot of $13.33 and have already reached the first level of resistance at $13.55. Investors may be interested in a cross of the next upside pivot targets of $13.95 and $14.57.

NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company's products provide interactive 3D graphics to the mainstream personal computer market.

Over the past year, Nvidia has traded in a range of $11.47 to $26.17 and is now at $13.63, 19% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.7%.

Potential upside of 28.2% exists for Nvidia, based on a current level of $13.63 and analysts' average consensus price target of $17.48. The stock should find initial resistance at its 50-day moving average (MA) of $14.71 and further resistance at its 200-day MA of $15.76.