One of today's stocks on the move is Blue Nile (NASDAQ:NILE), up 4.1% to $39.44. The S&P is currently trading 0.2% lower to 1,311 and the Dow Jones Industrial Average is trading 0.5% lower to 12,608.
Blue Nile (NASDAQ:NILE) is currently priced 0.2% above its average consensus analyst price target of $39.38. Blue Nile shares should encounter resistance at the 200-day moving average (MA) of $41.94 and support at the 50-day MA of $37.23.
Over the past year, Blue Nile has traded in a range of $30.32 to $64.45 and is now at $39.44, 30% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.7%.
Blue Nile, Inc. is an online retailer of diamonds and fine jewelry. The Company's Web site showcases various independently certified diamonds and various styles of fine jewelry, including rings, wedding bands, earrings, necklaces, pendants, bracelets, and watches.
