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Look for Shares of Herbalife Ltd to Potentially Rebound after Yesterday's 1.89% Sell Off

By James Quinn

Herbalife Ltd (NYSE:HLF) traded in a range yesterday that spanned from a low of $51.15 to a high of $51.60. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $51.85 on volume of 678,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Herbalife Ltd have traded between a low of $48.15 and a high of $61.77 and are now at $51.26, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

SmarTrend is tracking the current trend status for Herbalife Ltd and will alert subscribers who have HLF in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders herbalife ltd

Ticker(s): HLF