Uptrend Spotted in Shares of Herbalife (HLF)
SmarTrend identified an Uptrend for Herbalife (NYSE: HLF) on February 17, 2010 at $40.12. In approximately 2 weeks, Herbalife has returned 6.8% as of today's recent price of $42.84.
Herbalife is currently above its 50-day moving average of $40.82 and above its 200-day moving average of $35.81. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Herbalife shares.
Write to Chip Brian at cbrian@tradethetrend.com
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