Is USANA Health Sciences, Inc. (USNA) a Buy? The Stock Formed Double Top Chart Pattern

September 14, 2018 - By Jacob Maslow

USANA Health Sciences, Inc. (NYSE:USNA) Logo

Investors sentiment increased to 1.66 in 2018 Q2. Its up 0.08, from 1.58 in 2018Q1. It improved, as 19 investors sold USANA Health Sciences, Inc. shares while 42 reduced holdings. 42 funds opened positions while 59 raised stakes. 12.97 million shares or 17.44% more from 11.04 million shares in 2018Q1 were reported.
Netherlands-based Robeco Institutional Asset Mngmt Bv has invested 0.08% in USANA Health Sciences, Inc. (NYSE:USNA). The Georgia-based Voya Investment has invested 0% in USANA Health Sciences, Inc. (NYSE:USNA). Meeder Asset accumulated 4,914 shares or 0% of the stock. Old Mutual (Uk) Limited has invested 0.15% in USANA Health Sciences, Inc. (NYSE:USNA). Sg Americas Ltd Com has invested 0% in USANA Health Sciences, Inc. (NYSE:USNA). Usa Fincl Portformulas Corporation stated it has 10,067 shares or 0.21% of all its holdings. Prudential, a New Jersey-based fund reported 258,423 shares. Element Capital Management Lc stated it has 2,339 shares or 0.01% of all its holdings. Tru Company Of Vermont invested 0.05% in USANA Health Sciences, Inc. (NYSE:USNA). First Quadrant Ltd Partnership Ca invested 0.08% in USANA Health Sciences, Inc. (NYSE:USNA). 4,545 were accumulated by Ifrah Fincl. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt Corp owns 4,100 shares. State Street has 0% invested in USANA Health Sciences, Inc. (NYSE:USNA). 30,338 are owned by New York State Common Retirement Fund. Secor Capital Advsrs Lp reported 58,832 shares stake.

Since April 3, 2018, it had 0 insider purchases, and 26 selling transactions for $93.42 million activity. $53,824 worth of USANA Health Sciences, Inc. (NYSE:USNA) was sold by IIEKKING G DOUG. Gull Global Ltd also sold $4.24M worth of USANA Health Sciences, Inc. (NYSE:USNA) shares. WENTZ MYRON W sold $3.45M worth of USANA Health Sciences, Inc. (NYSE:USNA) on Tuesday, April 3. Another trade for 14,733 shares valued at $1.67M was made by Mulham David Mulham on Wednesday, May 16. 10,660 shares were sold by Macuga Daniel A., worth $1.34 million on Friday, September 7. Brown Jim had sold 10,621 shares worth $1.33 million.

The chart of USANA Health Sciences, Inc. (USNA) shows a double top with $133.90 target or 3.00 % above today’s $130.00 share price. The 5 months chart pattern indicates low risk for the $3.15B company. It was reported on Sep, 14 by Finviz.com. If the $133.90 price target is reached, the company will be worth $94.59M more. Double tops are rare but powerful chart patterns.

The stock increased 0.19% or $0.25 during the last trading session, reaching $130. About 33,855 shares traded. USANA Health Sciences, Inc. (NYSE:USNA) has risen 124.65% since September 14, 2017 and is uptrending. It has outperformed by 109.03% the S&P500.

USANA Health Sciences, Inc. develops, makes, and sells science nutritional and personal care products primarily to reduce the risk of chronic degenerative disease. The company has market cap of $3.15 billion. The firm offers USANA Nutritionals Essentials product line, which includes vitamin and mineral supplements that provide a foundation of total body nutrition for various age groups; optimizers comprising targeted supplements that are designed to meet cardiovascular, skeletal/structural, and digestive health needs; and foods that include low-glycemic meal replacement shakes, snack bars, and other related products, which provide macro-nutrition. It has a 39.36 P/E ratio. It also provides Sensé—beautiful science products, such as personal care products that support healthy skin and hair through topical nourishment, moisturization, and protection; and other products for prenatal, infant, and young child age groups.

USANA Health Sciences, Inc. (NYSE:USNA) Institutional Positions Chart

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