Shares of Herbalife (NYSE:HLF) are trading up 0.9% to $55.56 today on above average volume. Approximately 708,000 shares have traded hands today vs. average 30-day volume of 627,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of HLF to see if this bullish momentum will continue.
SmarTrend is bullish on shares of Herbalife and our subscribers were alerted to buy on June 03, 2010 at $46.86. The stock has risen 18.6% since the alert was issued.
Written on Tue, 08/31/2010 – 3:42 p.m. By Chip Brian
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