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| Gator's Chart of the Day: HLF |
Herbalife has bounced more than 14 points (58%) since Bill Ackman, with an assist from CNBC, announced he had a short position and suggested it could go to zero. It didn't fall that far but it did move down over 20 points. I don't know if he has covered yet but I hope he hasn't.
This stock looks like it has more upside but it is so news driven here that it's very risky. If I had a position I would be keeping a trailing stop on most (maybe all) and using the previous day low to adjust it daily.
