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Shares of Herbalife Has Risen Above Previous 52-Week High

By David Diaz

Shares of Herbalife (NYSE:HLF) traded at a new 52-week high today of $73.35. Approximately 128,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Herbalife share prices have moved between a 52-week high of $73.35 and a 52-week low of $39.51 and are now trading 84% above that low price at $72.65 per share. The 200-day and 50-day moving averages have moved 0.19% higher and 1.54% higher over the past week, respectively.

Herbalife Ltd. is a network marketing company that sells weight management, nutritional supplement and personal care products. The Company sells its products globally through a network of independent distributors. Herbalife also sells literature and promotional materials.

Herbalife (NYSE:HLF) defies analysts with a current price ($72.65) 6.4% above its average consensus price target of $68.00. The stock should discover initial support at its 50-day moving average (MA) of $58.59 and subsequent support at its 200-day MA of $54.79.

SmarTrend recommended that subscribers consider buying shares of Herbalife on March 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.64. Since that recommendation, shares of Herbalife have risen 28.3%. We continue to monitor HLF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows herbalife

Ticker(s): HLF