Noteworthy Price Action: Some Traders Are Very Bearish on Natural Health Trends Corp. After Today’s Gap Down

Noteworthy Price Action: Some Traders Are Very Bearish on Natural Health Trends Corp. After Today's Gap Down

The stock of Natural Health Trends Corp. (NASDAQ:NHTC) gapped down by $2.14 today and has $19.61 target or 14.00% below today’s $22.80 share price. The 7 months technical chart setup indicates high risk for the $249.41 million company. The gap down was reported on Oct, 14 by Barchart.com. If the $19.61 price target is reached, the company will be worth $34.92 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 16.13% or $4.39 on October 14, hitting $22.8. About 674,632 shares traded hands or 692.41% up from the average. Natural Health Trends Corp. (NASDAQ:NHTC) has declined 15.64% since March 11, 2016 and is downtrending. It has underperformed by 21.10% the S&P500.

Analysts await Natural Health Trends Corp. (NASDAQ:NHTC) to report earnings on October, 25.

According to Zacks Investment Research, “Natural Health Trends Corp. is an international direct-selling and e-commerce company. It sells personal care, wellness, and quality of life products under the NHT Global brand. Natural Health Trends Corp. is headquartered in Dallas, Texas.”

More notable recent Natural Health Trends Corp. (NASDAQ:NHTC) news were published by: Marketwatch.com which released: “Natural Health Trends Corp.” on April 18, 2011, also Streetinsider.com with their article: “Natural Health Trends (NHTC) Reports Prelim. Q3 Revenue of $70.7M” published on October 13, 2016, Fool.com published: “Why Natural Health Trends Corp. Stock Popped Today” on January 13, 2016. More interesting news about Natural Health Trends Corp. (NASDAQ:NHTC) were released by: Quotes.Wsj.com and their article: “News Natural Health Trends Corp.NHTC” published on March 16, 2011 as well as Seekingalpha.com‘s news article titled: “Natural Health Trends Beijing Office Shut Down” with publication date: March 15, 2016.

NHTC Company Profile

Natural Health Trends Corp., incorporated on March 21, 2005, is a direct-selling and e-commerce company. The Company, through its subsidiaries, sells personal care, wellness and quality of life products under the NHT Global brand. The Company’s subsidiaries have presence in various markets, including North America; Greater China, which consists of Hong Kong, Taiwan and China; South Korea; Japan, and Europe, which consists of Italy and Slovenia. The Firm also operates within certain Commonwealth of Independent States (Russia and Kazakhstan) through its engagement with a local service provider.

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