NUS Daily Chart ~ Negative Crossovers of Late Dece
Post# of 2561
Posted On: 01/19/2014 1:49:03 PM
NUS Daily Chart ~ Negative Crossovers of Late December Where the Caution Signs
Nu Skin has been in the news, big time, over the last three days. No wonder. The was trading at 140.00 and fell to a low of 67.51 in two days. So, what happened? I don't know, as I haven't read about it. But the chart began to show negative divergence in late December when the FullSto and MACDs crossed to the downside. Again, no one can tell you how far a stock will fall, but anyone in NUS who sold in late Dec/early Jan avoided a disaster. Additionally, notice the declining RSI since October although the stock was still moving higher into the end of December. Ever notice how much faster a stock falls versus one that climbs? Anyone buy any puts in NUS when the indicators went to sell signals? I wished I did. GLTA
Nu Skin has been in the news, big time, over the last three days. No wonder. The was trading at 140.00 and fell to a low of 67.51 in two days. So, what happened? I don't know, as I haven't read about it. But the chart began to show negative divergence in late December when the FullSto and MACDs crossed to the downside. Again, no one can tell you how far a stock will fall, but anyone in NUS who sold in late Dec/early Jan avoided a disaster. Additionally, notice the declining RSI since October although the stock was still moving higher into the end of December. Ever notice how much faster a stock falls versus one that climbs? Anyone buy any puts in NUS when the indicators went to sell signals? I wished I did. GLTA
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