Herbalife (HLF) shares have been trading sideways in a tighter and tighter range over the past five months. It is evident that this cannot go on forever, and recently HLF has begun to move lower (again).
The On-Balance-Volume line is edged lower. The Moving Average Convergence Divergence oscillator is bearish. Prices recently broke below the 200-day moving average, and the 50-day and 200-day averages are moving towards a crossover sell-signal.
HLF could be marked down to $40 in the weeks ahead.