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Nautilus: 52-Week High Recently Eclipsed (NLS)

By Nick Russo

Nautilus (NYSE:NLS) traded at a new 52-week high today of $23.95. This new high was reached on below average trading volume as 55,000 shares traded hands, while the average 30-day volume is approximately 286,000 shares.

In the past 52 weeks, Nautilus share prices have been bracketed by a low of $13.82 and a high of $23.95 and are now at $23.68, 71% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.8%.

Nautilus, Inc. markets, develops, and manufactures branded health and fitness products. The Company's products are sold under brand names such as Nautilus, Schwinn, Bowflex. and StairMaster. Nautilus sells its products through direct marketing channels, its own sales force, dealers, distributors, and retailers worldwide.

Nautilus (NYSE:NLS) defies analysts with a current price ($23.68) 5.4% above its average consensus price target of $22.40. The stock should discover initial support at its 50-day moving average (MA) of $18.14 and subsequent support at its 200-day MA of $17.82.

SmarTrend recommended that subscribers consider buying shares of Nautilus on August 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.51. Since that recommendation, shares of Nautilus have risen 15.3%. We continue to monitor NLS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows nautilus

Ticker(s): NLS