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Watch for Herbalife Ltd to Potentially Pullback After Gaining 3.22% Yesterday

By David Diaz

Herbalife Ltd (NYSE:HLF) traded in a range yesterday that spanned from a low of $31.07 to a high of $33.18. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $32.05 on volume of 301,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Herbalife Ltd share prices have been bracketed by a low of $20.73 and a high of $54.37 and are now at $32.98, 59% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 2.6%.

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