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Bearish Moving Average Cross by USANA Health Sciences (USNA)

Published on Thu, 01/17/2013 - 12:13
By Peter Chu

Today, shares of USANA Health Sciences (NYSE:USNA) have fallen below their 10-day MA of $36.46 on a volume of 230K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

USANA Health Sciences, Inc. develops, manufactures, and markets nutritionals, personal care, and weight management products. The Company's products are sold directly to preferred customers and distributors throughout the United States, Canada, Australia, New Zealand, the United Kingdom, and Hong Kong.

USANA Health Sciences has overhead space with shares priced $36.22, or 34.6% below the average consensus analyst price target of $55.40. The stock should run into initial resistance at its 50-day moving average (MA) of $39.62 and subsequent resistance at its 200-day MA of $41.66.

In the past 52 weeks, USANA Health Sciences share prices have been bracketed by a low of $30.51 and a high of $50.23 and are now at $36.22, 19% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

By Peter Chu
pchu@fnno.com