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Herbalife Ltd: New 52-Week Low Set Today (HLF)

By James Quinn

Shares of Herbalife Ltd (NYSE:HLF) traded today at $40.44, breaking its 52-week low. So far today approximately 996,000 shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

Over the past year, Herbalife Ltdhas traded in a range of $40.44 to $61.77 and are now at $40.50. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.5%.

Herbalife Ltd (NYSE:HLF) has potential upside of 31.9% based on a current price of $40.50 and analysts' consensus price target of $53.44. The stock should run into initial resistance at its 50-day moving average (MA) of $43.77 and subsequent resistance at its 200-day MA of $52.68.

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 16.5%. 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