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Nu Skin Enterprises Trading Lower on 1.7x Above-Average Volume (NUS)

Published on Wed, 01/09/2013 - 14:10
By Robert Cotter

Shares of Nu Skin Enterprises are trading today in above average volume, with the share price falling 2.3% to $41.45. Approximately 3.2 million shares have changed hands today vs. average 30-day volume of 1.9 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

Nu Skin Enterprises has overhead space with shares priced $41.45, or 32.4% below the average consensus analyst price target of $61.33. Nu Skin Enterprises shares should first meet resistance at the 50-day moving average (MA) of $43.19 and find additional resistance at the 200-day MA of $45.47.

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 $41.45, which is 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.6%.

By Robert Cotter
rcotter@fnno.com