JAN02 2222EST. Herbalife (HLF), the nutritional supplement company, has lately been a headliner. Over the four trading days just before Christmas, the shares gave up a remarkable 43 percent over four days on news that Bill Ackman, the hedge fund manager, had become a vocal short.
Since Christmas Eve however, HLF has been staging a recovery, with price action over the subsequent five trading days forming a well-defined price channel, shown below in dashed red. The rebound has been pronounced, with the intraday peak registering over 41 percent above the December nadir.
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Herbalife (HLF). Fri, Dec 21 through Wed, Jan 2. 5-minute candles. |