Long Position on HLF @ $72.65 on 5/16/2017 (Momentum)

Herbalife Ltd. (HLF) is a global nutrition company.

The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.

The Company categorizes its products into five groups: weight management, targeted nutrition, energy, sports and fitness, outer nutrition, and literature, promotional and other.

As of December 31, 2016, it marketed and sold approximately 140 products encompassing over 4,700 stock keeping units (SKUs) globally. Its product categories include meal replacement; protein shakes; drink mixes; dietary and nutritional supplements containing herbs, vitamins, minerals and other natural ingredients; facial skin care; body care; hair care products; sales tools, and educational materials.

Shares have formed a bullish "flag" following its recent quarterly report. The company reported revenue of $1.10 billion, above estimates of $1.05B. Going forward, the company expects full-year EPS of $4.05-$4.45 vs.  estimates of $4.09.  Higher share prices for this stock are expected. 

52-Weeks Trading Range: $47.62 - $73.21

Entry Point: $72.65

Stop Loss: $69.00

Target Price: $79.92

Updates

7/12/2017 12:45:54 PM

HLF closed at $73.15

Position closed on 7/12/2017 at price of $73.15 with a 0.69% gain in 57 days.

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