Nu Skin Enterprises, Inc. develops and distributes anti-aging
personal care products and nutritional supplements under the Nu Skin and
Pharmanex brands. It offers skin-care systems and treatment products,
including age LOC Galvanic Spa System, age LOC Galvanic Body Spa, and
age LOC Transformation anti-aging skin care system, as well as other
cosmetic, personal, and hair care products. The company also provides
age LOC TR90 weight management and body shaping systems; LifePak; age
LOC R2 nutritional supplement; and age LOC transformation daily skin
care system. It is involved in the research and product development of
aging, including the influence of certain ingredients on gene
expression.
Take a look at the 1-year chart of Nu Skin (NYSE: NUS) with the added notations:
NUS peaked back in January at almost $140 and proceeded to lose over
70 percent of its value from there. The stock seems to have bottomed out
a bit over the last 2 months, and over that period of time the stock
has commonly hit a very important level of resistance at $50 (blue). If
the stock can break above $50 higher prices should follow.
The Tale of the Tape: NUS has a key level of
resistance at $50. A long trade could be entered on a break through that
level. However, if you are bearish on the stock, a short trade could be
made on any rallies up to $50.
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