Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Saturday, August 10, 2013
USNA Usana Health Sciences Intraday Chart Mini Flash Crash in Multi-Level Marketing Sector
On Thursday, USNA stock crashed -10% in a heartbeat, dropping from 81 to 73, but then quickly recovering, due once again to the proverbial computer glitch. The drop in USNA triggered a move in HLF and NUS to the downside, although not as dramatic, and all three stocks quickly recovered. The flash crashes and computer glitches continue to occur with frequency. Everyone remembers the 5/6/10 Market Flash Crash where the Dow lost 1,000 points in a few minutes time. The trend of more and more mini flash crashes, and perhaps another biggie, will continue. Be careful in setting stop losses since flash crash moves will trigger a sell on your position at a loss, only to see the stock recover minutes later, leaving you with empty pockets. Use mental stops instead and constantly monitor the markets especially in the current environment. Markets remain very erratic and unstable. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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