Bearish Moving Average Cross by Herbalife (HLF)
Today, shares of Herbalife (NYSE:HLF) have crossed bearishly below their 10-day moving average of $58.14 on a volume of 141K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Herbalife have traded between a low of $39.51 and a high of $66.26 and are now at $57.49, which is 46% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.5%.
SmarTrend recommended that subscribers consider buying shares of Herbalife on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.07. Since that recommendation, shares of Herbalife have risen 6.7%. We continue to monitor HLF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses herbalife