Bullish Moving Average Cross by Nu Skin Enterprises (NUS)
Today, shares of Nu Skin Enterprises (NYSE:NUS) have crossed bullishly above their 10-day moving average of $41.49 on a volume of 1.3 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Nu Skin Enterprises share prices have been bracketed by a low of $23.51 and a high of $59.67 and are now at $44.43, 89% 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 21.4%. 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