GNC Pumping Iron
The controversy surrounding Herbalife (HLF) may have produced a derivative play in GNC (GNC), a company that sells a variety of brand-name nutritional products in its retail stores.GNC (GNC) -- Weekly Source: StockCharts.com View Chart » View in New Window »
The weekly chart of GNC shows a strong move higher in the stock's first year of trading after its March 2011initial public offering, followed by a six-month period of volatile sideways movement. In October of last year, it broke below its 200-day moving average, dropping down to the 38% retracement level of its historical price range. That is where it is currently attempting to hold and base. Stochastics is making a bullish crossover from an oversold condition, and money flow is positive and above its 21-period signal average. The graph at the bottom of the chart shows the relative performance of GNC to Herbalife, which is above 100% in the charted period. ...214 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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