Herbalife about to get “Shook up” again, as the 500 index is at resistance?

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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!

 

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