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Bullish Moving Average Cross by Herbalife Ltd (HLF)

By David Diaz

Herbalife Ltd (NYSE:HLF) crossed over its 10-day moving average of $27.90 on a volume of 202K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Herbalife Ltd has traded in a range of $20.73 to $54.99 and is now at $28.34, 37% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 4% while the 200-day MA has slid 0.8%.

SmarTrend is monitoring the recent change of momentum in Herbalife Ltd. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Herbalife Ltd in search of a potential trend change.

Keywords: moving crosses herbalife ltd

Ticker(s): HLF