Chart courtesy of stockcharts ( click to enlarge )

Nvidia shares are trading lower in the morning after UBS downgraded the chipmaker's stock to sell on concerns about its long-term growth and mounting competition from Advanced Micro Devices and Intel Corp. Looking at the daily chart the stock is trading in a clear downtrend, with some support around $10.91. If NVDA fails to sustain above this level, then we might see stock drops to near its 52 week low at $10.55. Stay tuned on it. A close below $10.91 is extremely bearish in short-term.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.