NutriSystem Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of NutriSystem (NASDAQ:NTRI) traded at a new 52-week high today of $33.60. Approximately 188,000 shares have changed hands today, as compared to an average 30-day volume of 374,000 shares.
NutriSystem, Inc. operates an online weight loss community. The Company's Web site provides members with a weight management program that incorporates personal online counseling, individual diet and exercise plans, as well as other information. NutriSystem also markets the NutriSystem Sweet Success brand of diet meal replacement products through retail outlets.
There is potential upside of 4.8% for shares of NutriSystem based on a current price of $32.92 and an average consensus analyst price target of $34.50. The stock should find initial support at its 200-day moving average (MA) of $23.26 and further support at its 50-day MA of $20.76.
NutriSystem share prices have moved between a 52-week high of $33.60 and a 52-week low of $17.25 and are now trading 91% above that low price at $32.92 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.
SmarTrend recommended that subscribers consider buying shares of NutriSystem on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.70. Since that recommendation, shares of NutriSystem have risen 18.9%. We continue to monitor NTRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows nutrisystem