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

By James Quinn

Today, shares of Herbalife Ltd (NYSE:HLF) have crossed bullishly above their 10-day moving average of $98.28 on a volume of 961K 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.

In the past 52 weeks, Herbalife Ltd share prices have been bracketed by a low of $47.62 and a high of $100.45 and are now at $99.29, 109% above that low price. Over the last five market days, 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 Ltd on November 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.90. Since that recommendation, shares of Herbalife Ltd have risen 37.5%. We continue to monitor HLF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses herbalife ltd

Ticker(s): HLF