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Possible Bullish Inside Day Candle Pattern Detected for Nu Skin Enterp-A (NYSE:NUS)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Nu Skin Enterp-A (NYSE:NUS) based on the price action in the company's shares. Yesterday's price range of $39.58 and $41.33 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Nu Skin Enterp-A may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Nu Skin Enterp-A (NYSE:NUS) has potential upside of 87.3% based on a current price of $41.20 and analysts' consensus price target of $77.17. The stock should find initial resistance at its 50-day moving average (MA) of $42.65 and further resistance at its 200-day MA of $49.28.

Nu Skin Enterprises, Inc. develops and distributes anti-aging personal care products and nutritional supplements under the Nu Skin and Pharmanex category brands worldwide.

Nu Skin Enterp-A share prices have moved between a 52-week high of $73.51 and a 52-week low of $35.03 and closed yesterday at 18% above that low price at $41.20 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Nu Skin Enterp-A and will alert subscribers who have NUS in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle nu skin enterp-a

Ticker(s): NUS