New York (December 24th, 2012) - Nestle SA (PINK: NSRGY), the Switzerland-based consumer goods company, is marginally lower in mid-day trading today. At last check, NSRGY was trading 0.17% lower at $65.19 on volume of 276,054, which is less than half the daily average volume of 600,078.
NSRGY has traded in a very tight range over the past few weeks. The stock continues to struggle to break through $66 resistance level. Technical indicators for NSRGY are currently giving bearish signals. A strong bearish trend will be established if NSRGY falls below $65 support level.
Earlier this month, NSRGY completed the acquisition of Pfizer Nutrition.
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EFT Holdings Inc. (OTCQB: EFTB), a seller and distributor of American brand products through the Internet to affiliates, is sinking in trading today, reversing some of the gains from last week. EFTB had gained more than 61% last week. The stock had posted significant gains on Friday, finishing nearly 43% higher.
However, the winning streak has come to an end in trading today, with the stock currently down 20% to $0.0400 on volume of 140,292, which is well above the daily average volume of 47,621. Despite the sharp decline today, EFTB is still trading above its 50-day moving average. A bearish trend will be established if the stock falls below this level.
Find out more about EFTB by getting the free full report here:
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