When Usana Health Sciences (USNA) Moves Investors should Listen

April 03, 2022, 04:00 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Usana Health Sciences (NASDAQ: USNA) report below is a real world example. Included are trading plans for USNA, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for USNA

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short USNA under 84.35, target n/a, stop loss @ 84.59 Details

The technical summary data is suggesting a short of USNA as it gets near 84.35, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 84.59. 84.35 is the first level of resistance above 79.33, and by rule, any test of resistance is a short signal. In this case, if resistance 84.35 is being tested, so a short signal would exist.

Swing Trading Plans for USNA

• Buy USNA slightly over 79.38, target 84.35, Stop Loss @ 79.15 Details

If 79.38 begins to break higher, the technical summary data tells us to buy USNA just slightly over 79.38, with an upside target of 84.35. The data also tells us to set a stop loss @ 79.15 in case the stock turns against the trade. 79.38 is the first level of resistance above 79.33, and by rule, any break above resistance is a buy signal. In this case, 79.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short USNA near 79.38, target 77.30, Stop Loss @ 79.61. Details

The technical summary data is suggesting a short of USNA if it tests 79.38 with a downside target of 77.30. We should have a stop loss in place at 79.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for USNA

• Buy USNA slightly over 79.38, target 79.91, Stop Loss @ 79.19 Details

If 79.38 begins to break higher, the technical summary data tells us to buy USNA just slightly over 79.38, with an upside target of 79.91. The data also tells us to set a stop loss @ 79.19 in case the stock turns against the trade. 79.38 is the first level of resistance above 79.33, and by rule, any break above resistance is a buy signal. In this case, 79.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short USNA near 79.38, target 78.02, Stop Loss @ 79.57. Details

The technical summary data is suggesting a short of USNA if it tests 79.38 with a downside target of 78.02. We should have a stop loss in place at 79.57 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

USNA Ratings for April 03:

Support and Resistance Plot Chart for USNA

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