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Technical analysis: NAUTILUS Inc. (#NLS)

Nautilus, Inc.(#NLS), located in Vancouver, Washington, United States, is the American worldwide marketer, developer, and manufacturer of fitness equipment brands Bowflex, Modern Movement, Nautilus, Octane Fitness, Schwinn Fitness, and Universal

The stock recently pulled back from the high of $ 31.50 to the low of $ 14.15.

We believe that, given the strong consolidation phase started in April, it could soon lead to short term upside potentials:

- Has broken the downward trend started in April 2021

- Horizontal channel $ 15.60 - 17.60

- Recently closed above the horizontal channel and the 50MA

- MACD is moving upward and just crossed the 0 level (bullish signal)

Entry at $ 17.65

Target at $ 21.00

Stop loss at $ 16.20

OTB Global Investments

19 May 2021

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