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.

You can find out more about USANA here.

USANA Health Sciences

USANA Health Sciences chart.

USNA has been falling since September 1, 2017 while large players volume has been rising which suggests large players are accumulating the stock at its current level. The Twiggs Money Flow is attempting to go positive. There is very little resistance above the current price.

We see reduced volatility while prices have been consolidating which has formed a momentum squeeze:

USANA Health Sciences chart shows a momentum squeeze.