Nu Skin Enterprises Inc. (NYSE: NUS) Price Target Increased at Citigroup Inc.

Nu Skin Enterprises Inc. (NYSE: NUS) had its price target raised by equities researchers at Citigroup Inc. from $61.00 to $66.00. The company currently has a rating of Buy on the shares. A number of other analysts have issued reports on the stock recently, and the company has earned a consensus one-year price target of $54.43, lower than the opening price of $57.78, a difference of 9.43 percent. Nu Skin Enterprises Inc. stock has a 52-week high of $60.87.

U.S. stocks finished higher Thursday, near their intra-day highs.

The Dow Jones Industrial Average DJIA, +0.99% closed up 177.71 points, or 1%, at 18,212.48, led by a 3.4% surge in shares of Apple Inc. AAPL, +3.40%

All 30 of the Dow components finished in the green.

The S&P 500 index SPX, +1.01% wrapped up 21.49 points, or 1%, to 2,147.26, and all the large-cap gauge’s sectors ended higher, topped by a 1.7% rise in the tech sector and a 1.1% gain in health-care shares

Share prices sometimes get a bounce to the upside when analysts inititate coverage.

Shares of Nu Skin Enterprises Inc. (NYSE: NUS) opened at $57.78 yesterday and traded in a range between, $57.19 and $58.10, and last traded at $57.75, which represents a change of $ -0.01 over the previous closing price.

Nu Skin Enterprises Inc. (NYSE: NUS) now has a market cap of 3.23B

The stocks average daily volume is 732,303 shares out of a total float 52,589,000 and some 468,444 shares traded hands yesterday, 60 percent lower than normal. Look for trading volume to pick up in the coming days as investors often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.

As with all potential breakouts, investors look for volume to be at least 40%-50% higher than normal on the breakout to show that fund managers and other professional investors are jumping in.

Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors have teams of analysts researching thousands of stocks, so it is good confirmation to see them taking a postion in a stock you’re researching.

By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.

With that in mind Nu Skin Enterprises Inc. (NYSE: NUS) now has a 50-day MA is $57.67 and 200-day MA is $45.04, and it has traded in a 52-week range between $23.51 – 60.87 and today’s last price is -5.13 percent off the 52 week high of $60.87.

Indeed, earnings growth is among the most important things to look in regards to stock investing and, accordingly, investors seek companies who have been successful at growing their earnings by at least 25 percent over a 3 year period.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of The Woodbridge Citizen. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.

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