How To Trade Nu Skin Enterprises Inc (NYSE:NUS)?
The weekly Analysis of Nu Skin Enterprises Inc (NYSE:NUS) shows that it is on a downtrend. In the week ending 01/12/2014, the stock had plunged almost 50%. The stock now seems to be in a consolidation phase before the continuation of the downtrend. It seems to be forming a bearish pennant on the weekly chart. A breakout below the lower channel of the pennant would indicate that the downtrend would continue. The next major support looks to be around $50.11. The bearish pennant is marked in the chart below. It is advisable to wait for a pennant breakdown before taking short positions in the stock.
On analyzing the daily chart, the short term trend of Nu Skin Enterprises Inc (NYSE:NUS) seems to be negative. The stock has an immediate resistance of $78.33. The 200 day Simple Moving Average of Nu Skin stands at $92.95. This 200 day MA was broken with huge volumes on 01/16/2014. Only a close above this level would change the trend of Nu Skin to bullish. The next support stands at $67.51 which is likely to be tested in the coming days. The next resistance is also close by; it stands at $80.27 which is the five day Exponential Moving Average. In the daily chart, a bearish flag seems to be forming, which indicates that the consolidation after the downtrend is going on. A breakdown from the flag would be a strong indicator that the downtrend would continue.
Nu Skin Enterprises Inc (NYSE:NUS) reported its Q4 results on March 3rd. It reported a better than expected EPs of $2.02.The revenues came slightly below the analysts expectation. The revenues stood at $1.06 billion. This was their first 1 billion quarter. There was a good increase in cash flow from operation. It rose to $530 million from 311 million in 2012.Also the balance sheet continues to be strong $547 million in cash and $182 million in debt
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