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Bearish Moving Average Cross by Nu Skin Enterp-A (NUS)

By Amy Schwartz

Today, shares of Nu Skin Enterp-A (NYSE:NUS) have crossed bearishly below their 10-day moving average of $44.76 on a volume of 2.7 million 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.

In the past 52 weeks, shares of Nu Skin Enterp-A have traded between the current low of $35.10 and a high of $88.68 and are now at $37.83. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Nu Skin Enterp-A on May 24th, 2019 by issuing a Downtrend alert when the shares were trading at $49.87. Since that call, shares of Nu Skin Enterp-A have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses nu skin enterp-a

Ticker(s): NUS