• Return to Headlines

Herbalife Ltd Looks to Continue to Trade Below its Annual-Low Share Price Today

By David Diaz

Herbalife Ltd (NYSE:HLF) traded at a new 52-week low today of $36.54. This new low was reached on below average trading volume as 108,000 shares traded hands, while the average 30-day volume is approximately 2.1 million shares.

Herbalife Ltd share prices have moved between a 52-week high of $61.77 and the current low of $36.54 and are currently at $36.54 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.5%.

There is potential upside of 46.2% for shares of Herbalife Ltd based on a current price of $36.54 and an average consensus analyst price target of $53.44. The stock should run into initial resistance at its 50-day moving average (MA) of $41.51 and subsequent resistance at its 200-day MA of $51.28.

Herbalife Ltd. is a global nutrition company that sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Company distributes and sells its products through a network of independent distributors, using the direct selling channel.

SmarTrend recommended that its subscribers protect gains by selling shares of Herbalife Ltd on May 6th, 2019 by issuing a Downtrend alert when the shares were trading at $50.16. Since that call, shares of Herbalife Ltd have fallen 26.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows herbalife ltd

Ticker(s): HLF