CLICK ON CHART TO ENLARGE

Herbalife (HFL) has been in the news a ton of late, due to its decline and short sellers getting a ton of media attention.  Since Christmas, HFL has rallied over 50% from the bottom of its channel.

Now HFL near several resistance lines at (1) above, while the S&P 500 ETF (SPY) is also at a important 5-year resistance line.  If long HFL, does this pattern reflect a good price point to harvest some gains?  I would think so!

 

 

Get All of Our Weekly Research

Kimble Charting Solutions’ weekly combo lets you save on all of our weekly research

Learn More