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Herbalife Bullish Moving Average Crossover Alert (HLF)

By Amy Schwartz

Today, shares of Herbalife (NYSE:HLF) have advanced above their 10-day MA of $59.96 on a volume of 365K 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.

Herbalife share prices have moved between a 52-week high of $66.26 and a 52-week low of $39.51 and are now trading 53% above that low price at $60.26 per share. 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 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 7.9%. 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