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$NUVL | Trend Tracker for ($NUVL) (NUVL)

By Thomas Kee

$NUVL | Trend Tracker for ($NUVL) (NUVL)

The technical summary data tells us to buy NUVL near 90.59 with an upside target of 103.95. This data also tells us to set a stop loss @ 90.33 to protect against excessive loss in case the stock begins to move against the trade. 90.59 is the first level of support below 94.93 , and by rule, any test of support is a buy signal. In this case, support 90.59 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of NUVL as it gets near 103.95 with a downside target of 90.59. We should have a stop loss in place at 104.25though. 103.95 is the first level of resistance above 94.93, and by rule, any test of resistance is a short signal. In this case, if resistance 103.95 is being tested, a short signal would exist.

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