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Herbalife Crosses Above its 10-day MA (HLF)

By Shiri Gupta

Today, shares of Herbalife (NYSE:HLF) have crossed bullishly above their 10-day moving average of $67.31 on a volume of 1.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Herbalife share prices have been bracketed by a low of $39.51 and a high of $72.22 and are now at $68.70, 74% 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 21.7%. We continue to monitor HLF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses herbalife

Ticker(s): HLF