The Noose Tightens on NutriSystem

Nutrisystem (NTRI) broke out with a big gap-surge in early May and then consolidated with a triangle. The gap and breakout are largely holding as volatility contracts. Notice how the Bollinger Bands narrowed and volume dried up over the last few weeks. Chartists should watch the June range for the next directional signal. A break above 17.1 on good volume would be bullish, while a move below 15.5 would negate the breakout.


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