StockPickReport.Com research suggests NU's price may move lower than the "open price" the day this rating was initiated.However, we believe that the NU's downside is limited at these levels.
This analysis is based on short-term stochastic and "relative strength" indicators.
With StockPickReport.Com's "Weak Sell" rating, stochastic and "relative strength" numbers may agree, but not in all cases.
Investors may find that the window of opportunity for a move lower is close to a short-term end.
We believe that downside targets should be conservative at best at these levels.
Trading volume seems to be falling and NU's closing price moved down during the week before this rating was initiated.
