Issued: 11/05/2014
Herbal Life, HLF:
1. Herbalife continues it’s sharp decline this week (week of Nov. 3) off its $56.74 swing high.
2. A weekly close this week below $44.60 in Herbalife is the weaker position and places the market in a ‘Sell’ position for further decline and test of $39.70, then $37.70 into the 3rd week of Nov. (+1 week). Aggressive can sell short at this time (current price $42.00).
3. An initial sell stop should be placed at $45.00 This stop will be moved lower as the market continues to confirm.
David Williams
Issued: 11/06/2014
Herbalife, HLF:
1. In yesterday’s (Wed., Nov. 5) report, it was noted that a weekly close this week (week of Nov. 3) below $44.60 in Herbalife was the weaker position and would put the market in a ‘Sell’ position for further decline and test of $39.70, then $37.70 into the 3rd week of Nov. (+1 week). Aggressive were instructed to sell short at the market (at the current price of $42.00).
2. Aggressive entries should exit a portion of their short position at current prices (current price $40.70).
3. A protective buy stop should be placed at $42.65. This stop will be moved lower as the market continues to confirm.
David Williams
Issued: 11/07/2014
Herbalife, HLF:
1. Our Wed. Nov. 5 (and later) reports indicated Herbalife was in a ‘Sell’ position at $42 for a tradable forecast decline to $38/$37.
2. After our short entry Herbalife declined quickly and completed the $38.00 downside target (today’s session low, $38.00, so far). This effectively completes the trade.
3. Aggressive can maintain any remaining short positions for the possibility of lower prices. Will message any further entry or indication as the market confirms.
David Williams