Nu Skin Enterprises (NYSE:NUS) crossed under its 10-day moving average of $44.20 on a volume of 922K 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, 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 $32.36 and a high of $62.02 and are now at $44.06, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.3%.
There is potential upside of 39.2% for shares of Nu Skin Enterprises based on a current price of $44.06 and an average consensus analyst price target of $61.33. The stock should find resistance at its 200-day moving average (MA) of $44.58, as well as support at its 50-day MA of $42.75.
