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Bearish Moving Average Cross by Herbalife Ltd (HLF)

By James Quinn

Today, shares of Herbalife Ltd (NYSE:HLF) have fallen below their 10-day MA of $41.73 on a volume of 1.2 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 Ltdhas traded in a range of $40.05 to $61.77 and are now at $40.05. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Herbalife Ltd on May 6th, 2019 by issuing a Downtrend alert when the shares were trading at $50.16. Since that call, shares of Herbalife Ltd have fallen 16.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses herbalife ltd

Ticker(s): HLF