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Herbalife Ltd Crosses Above its 10-day MA (HLF)

By Nick Russo

Herbalife Ltd (NYSE:HLF) crossed over its 10-day moving average of $64.47 on a volume of 2.8 million 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 Ltd share prices have moved between a 52-week high of $74.49 and a 52-week low of $47.62 and are now trading 42% above that low price at $67.84 per share. 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 its subscribers protect gains by selling shares of Herbalife Ltd on July 31st, 2017 by issuing a Downtrend alert when the shares were trading at $67.23. Since that call, shares of Herbalife Ltd have fallen 7.9%. 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