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Bearish Moving Average Cross by Herbalife (HLF)

By James Quinn

Herbalife (NYSE:HLF) shares have crossed bearishly below their 10-day moving average of $71.63 on a volume of 1.6 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Herbalife has traded in a range of $39.51 to $74.32 and is now at $69.77, 77% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Herbalife on March 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.64. Since that recommendation, shares of Herbalife have risen 30.5%. We continue to monitor HLF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses herbalife

Ticker(s): HLF