New York -- Switzerland-based consumer goods company Nestle SA (PINKSHEETS: NSRGY) is marginally higher in mid-day trading today. At last check, NSRGY was trading 1.02% higher at $65.14 on volume of 569,388, which is well above the daily average volume of 397,846.
NSRGY has gained more than 5% in the last five trading sessions, which suggests that the market sentiment is bullish on the stock. This is confirmed by the stock’s daily price chart. NSRGY has crossed its 50-day moving average recently, which is a bullish signal. The MACD histogram is also indicating increasing upward momentum.
NSRGY recently recalled Nesquik over salmonella contamination.
Find out more about NSRGY by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=NSRGY
Poseidon Concepts Corp. (PINKSHEETS: POOSF), a company engaged in renting fracturing fluid handling tanks primarily used in well completion operations in the oil and natural gas industry in western Canada and U.S., has plunged in mid-day trading today.
POOSF saw a huge sell-off earlier this month. The sell-off began after the company gave a weak outlook. The stock made a recovery last week, gaining more than 10%. However, the market sentiment remains bearish on the stock. POOSF is still trading significantly below its 50-day and 200-day moving averages. The stock’s MACD is also below the signal line and the zero-line, which is a strong sell signal.
Get the latest news essential when trading POOSF here: http://www.wallstreetreport.net/market-scan/?symbol=POOSF
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