Bearish Moving Average Cross by Nu Skin Enterprises (NUS)

Published on Tue, 05/05/2015 - 11:34
By Robert Cotter in Moving average crossovers, NUS, moving crosses, nu skin enterprises, nyse:nus

Nu Skin Enterprises (NYSE:NUS) crossed under its 10-day moving average of $58.10 on a volume of 365K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Nu Skin Enterprises has overhead space with shares priced $57.49, or 5.5% below the average consensus analyst price target of $60.86. Nu Skin Enterprises shares should encounter resistance at the 50-day moving average (MA) of $57.74 and support at its 200-day MA of $49.25.

Nu Skin Enterprises, Inc. is a global direct selling company. The Company distributes premium quality personal care products and nutritional supplements. Nu Skin markets its products in the Americas, Europe, and the Asia Pacific region. The Company provides marketing and distribution of technology-based products through Big Planet, Inc.

In the past 52 weeks, shares of Nu Skin Enterprises have traded between a low of $38.12 and a high of $88.08 and are now at $57.49, which is 51% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

By Robert Cotter
rcotter@fnno.com

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