Long Position on NLS @ $18.45 on 2/10/2016 (Momentum)

Trading Channel on NLSNautilus, Inc. (NLS) operates as a consumer fitness products company in the United States, Canada, and internationally.

The company operates in two segments, Direct and Retail.

It designs, develops, sources, and markets cardiovascular, and strength and nutrition fitness products, as well as related accessories for consumer use.

The company provides cardio, treadmills, ellipticals, and bike products under the Nautilus brand; fitness equipment comprising cardio and strength products, including TreadClimber and Max Trainer specialized cardio machines, Bowflex Body nutrition supplements, PowerRod and Revolution home gyms, and SelectTech dumbbells under the Bowflex brand; exercise bikes, such as Airdyne, treadmills, and ellipticals under the Schwinn brand; and various kettlebell weights and weight benches under the Universal brand.

Nautilus, Inc. offers its products directly to consumers through television advertising, catalogs, and Internet; and through a network of retail companies consisting of sporting goods stores, Internet retailers, and large-format and warehouse stores, as well as specialty retailers and independent bike dealers. 

Shares are heading higher in an upward trading channel. The formation is supported by the stock's 100-day moving average (shonn in green). The firm reports its results on February 22th. Higher share prices are expected for this stock.

 

52-Weeks Trading Range: $13.82 - $22.95

Entry Point: $18.45

Stop Loss: $17.50

Target Price: $20.30

Updates

2/17/2016 3:32:17 PM

NLS closed at $20.35.

Position closed on 2/17/2016 at price of $20.35 with a 10.30% gain in 7 days.

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