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Bearish Moving Average Cross by Nu Skin Enterprises (NUS)

By Amy Schwartz

Today, shares of Nu Skin Enterprises (NYSE:NUS) have crossed bearishly below their 10-day moving average of $58.90 on a volume of 108K shares. This may provide short-term investors a chance 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 Enterprises have traded between a low of $23.51 and a high of $60.87 and are now at $58.28, which is 148% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.0%.

SmarTrend recommended that subscribers consider buying shares of Nu Skin Enterprises on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.51. Since that recommendation, shares of Nu Skin Enterprises have risen 77.0%. We continue to monitor NUS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nu skin enterprises

Ticker(s): NUS