Nautilus (NLS) officially became a technical heavyweight on Friday as its stock price soared through price resistance to a fresh new 52 week high, bouncing bullishly off its rising 20 day EMA in the process. Volume supported its first very bullish gap in early August and it once again confirmed yesterday's gap and breakout session. Take a look:
The StockCharts Technical Rank (SCTR) surged above 80 as NLS has become very strong technically among its peers. If there's one negative here, it's that the volume can dry up when the stock isn't in the news and that could lead to a bit more manipulation and volatility. Still, NLS is work a look on short-term weakness.