NVIDIA: How To Trade With Crowd Indicator? +2.6% in one trade
NVIDIA Corporation was expected to reveal its financial results for the second quarter after the market close on Thursday, August 11. Here is the question that had been published a few days before earnings report was released:
NVIDIA Corporation (NVDA) is scheduled to reveal its second-quarter results on Thursday, August 11 after the market closes. Wall Street is expecting earnings per share (EPS) of $0.37. Will NVIDIA Corporation report EPS above Wall Street Consensus?
According to Cindicator users, the probability for NVIDIA Corporation to beat analysts’ expectations was 77 percent. Therefore, we had bought 1700 NVDA shares at $59.73 before the earnings report was revealed on Thursday, August 11.
The stock surged in post-market trading after the company reported better than expected. We sold 1200 shares of NVIDIA at $61.98 for $2,700 profit (about 2%). We left 500 shares as our analysts thought that NVDA would be trading higher in the late morning trading. We sold 500 shares at $61.38.
Overall, gross profit was 2.6% (more than $3,500) in less than 24 hours.
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