USANA Health Sciences’ stock has formed a positive divergence on large players volume. The price action has faded over the last couple of weeks into what could be a bullish flag channel. I bought some USANA Health Sciences in my personal trading account this morning.
The 3 month change in institutional ownership is +8.02% which suggests institutional traders are accumulating this stock.
Creative Planning increased its stake in USANA Health Sciences by a whopping 528% in Q2. Victory Capital increased its stake in USANA by 124.7% in Q1. Eqis Capital acquired a new position in USANA in the Q2 worth $210,000. Nine Chapters Capital acquired a new position in USANA in Q1 worth $207,000. KCG Holdings Inc. acquired a new position in USANA in Q1 worth $248,000. Institutional investors and hedge funds own 46.3% of the company’s stock.
On August 18, 2017, USANA announced that it would expand in four European countries beginning mid-year 2018. These four new markets constitute of Romania, Germany, Italy, and Spain.
USANA Health Sciences was recently honored by inclusion in Utah Business Magazine’s Fast 50 list. This year marks the 10th consecutive time the company has made the list of fastest growing companies in Utah. USANA finished ranked number 49 on the list.
B2Gold Corp is testing Symmetrical Triangle resistance for a possible breakout on building tensions in North Korea and Syria, and the slowing U.S. economy.
B2Gold Corp Stock Chart
BTG looks like a good setup on a move higher in gold. Prices have been consolidating lately in a bullish flag pattern. There is a resistance zone just above the current price starting at 2.77. Right above this resistance zone may be a good entry point. We have also had a Pocket Pivot signal on June 16, 2017 which is another bullish sign.
The Twiggs Money Flow shows some accumulation taking place into the consolidation move.
On the Effective Volume indicator, we don’t have as many large buyers as I’d like to see but that could change quickly if a flight to safety into gold takes place and B2Gold Corp does a Symmetrical Triangle breakout.
A bullish flag pattern has formed on the stock chart of United Therapeutics. The stock has been consolidating and forming a nice base after 3D Systems and United announced plans on April 26, 2017, to develop solid-organ scaffolds for human transplants.
United Therapeutics Stock Chart
The chart has formed a bullish flag pattern:
The Twiggs Money Flow has been rising nicely into the flag pattern:
The rising money flow suggests traders have been accumulating the stock on pullbacks.