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Just Shorted NUS at $26.19

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July 08, 2010 – Comments (0) | RELATED TICKERS: NUS

This was my short recommendation from yesterday's Daily Long and Short Setup. I decided to take advantage of the morning bullishness this stock was exhibiting. As it stands now, I am currently 11% short on the market. If, or more appropriately, when I sell my long position in QQQQ, I will automatically become 46% short on the market, as I will have no other long positions in my portfolio at that point.

I will look to take profits in this Nu Skin (NUS) at around $23.48.

Here's My Technical Breakdown and Chart of NUS

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