Why Ackman could be glad of HLF at ATHATH could mean that we have an analogy with 2012 and potentially a RSI neg div.
If the correlation with TIF keeps on goin we could see prolly something similar for both.
No doubt that we are still in QE-land as the market continues to rip higher, but a stock with a 1.79 beta could be seen quite aggressive even for the team of gurus fighting Ackman. The same Icahn has warned that the stock market could face a 'big drop', but prolly that was a relative statement.
Might be nice to wait and see if that's the scenario.
HLF trade ideas
Major Bear Flag Signals Herbalife Ltd. Possible Trouble The daily chart on Herbalife Ltd. (NYSE:HLF) is bearish with two major moving averages putting pressure on it from above. This is extremely negative and stands as a warning in the next few weeks of possible downside. Please note the chart. Earnings will be reported after the close of trading on October 28th, 2013. Watch this level and pattern.
Gareth Soloway
www.InTheMoneyStocks.com
HLFHerbalife is a network marketing company that sells weight management, nutritional supplement and personal care products. The Short ratio is at 18.1 days which is huge.
Strong levels at 45 that can trigger a strong short squeeze.
Let's see... The trend line break projection goes beyond 50 USD....