Herbalife – Look Out Below!January 23, 2014
Herbalife is down 12% after Massachusetts Senator Edward Markey asked the SEC and FTC for an investigation into Herbalife’s business practices. HLF is up over 240% over the past four years and 54% over the past year. However, over the past month (including today’s decline) the stock has underperformed the MSCI World Index by about 21%. If the stock finishes today where it is currently at then HLF will decisively break through a bullish support line that has been in place for about a year.