Handel Idea - NTRI Nasdaq

[antonioac]

NTRI was one of the best performances over last week on Nasdaq, gaining more than $5 in two days . Nutrisystem on Tuesday announced a better-than-expected first-quarter sales forecast and set a transition plan for its chief executive post. Company said it expects to post first-quarter revenue of $216 million and operating profit of $21 million to $24 million, ahead of Wall Street estimates. From a technical point of view, the company may be able to recover lost momentum after declining for the past 9 months. Since the highs of $74.09 in July, shares have fallen more than 70%. At this point, there is a high level of probability that we have seen the bottom, and stock may be ready to go higher from here. A long position now should be seen as the best idea for stock. The level of short interest, also might prompt in future more rallies like we saw on Tuesday. The fundamentals are improving, the international expansion plans are in place and the better-than-expected outlook showed signs that the company had room for growth. As you see, there are realistic reasons to believe that the worst may be behind us, and this could be a good time to back up on stock again. The recent decline should be seen as a healthy movement after the huge spike in share price that easily brought all indicators to overbought conditions. So, for the coming days I expect a continuation of the upward movement, to fill the gap around $23. With MACD above 0 and K line above D line, once the profit taking is over we should see the stock continue to go up strong.

 

Fresh news for NTRI - Diet company NutriSystem Inc. will replace Frontier Airlines Holdings Inc. on the S&P SmallCap 600 on Tuesday, Standard & Poor's said Friday. With a low PE, tiny float and a high short interest, it seems like everything is perfect for a pop Monday.

 

[Aktiencrash]

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