Herbalife Crosses Above its 10-day MA (HLF)
Today, shares of Herbalife (NYSE:HLF) have advanced above their 10-day MA of $59.21 on a volume of 2.4 million shares. This may provide short-term investors a chance 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 $66.00 and is now at $64.20, 62% above that low. 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 5.9%. We continue to monitor HLF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses herbalife