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
Latest posts by Viraj Shah (see all)
- California Boy Raises $800,000 to Fight Friend’s Rare Disease - October 23, 2014
- Kendall Jenner At Fashion Week - October 20, 2014
- Rally Starts In USD/CAD - September 18, 2014
- Forex News: USD/JPY Continues To Rally - September 18, 2014
- USDCAD Hits Session Low In Yesterday’s Trading - September 17, 2014
Trade FX, Equities and Options with the World's Leading Platform Open an account here , call us at 305 4904 116, or email us to get started.
The Stock Market's Earnings Mirage One of my stock market ... read more
US Dollar Falls, US Treasuries Rally US Dollar (.DXY) Index ... read more
Participants Confused About The Gold Market Investors in Gold cannot ... read more
Ferrari 250 GTS SWB California Spider Expected To Fetch $12-M+ ... read more