Herbalife (HLF) NewsBite - HLF Hits 52-Week Low

Posted: Friday, February 27, 2009 2:33 PM EDT

Herbalife (NYSE: HLF) hit a new 52-Week low of $13.40 so far today. Currently the stock is down $1.00 (-6.93%) to $13.42 on 1,075,306 shares traded. Today's low is down $37.67 from a 52-Week high of $51.09. Herbalife stock has been showing support around $13.78 and resistance in the $16.26 range. Technical indicators for the stock are bullish and S&P gives HLF a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on HLF the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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