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Bullish Moving Average Cross by Herbalife (HLF)

By Amy Schwartz

Herbalife (NYSE:HLF) crossed over its 10-day moving average of $72.15 on a volume of 130K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Herbalife has traded in a range of $39.51 to $73.35 and is now at $72.39, 83% above that low. 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 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 26.8%. 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