Last four times Herbalife (HLF) has opened higher and finished lower on the day at or above the upper Bollinger Band, the stock has sold off hard! Particularly when it occurs outside the upper Bollinger Band.
Considering the stock has made a run from bottom to top in parabolic fashion from $43 all the way to $66 tells me that the easy money has been made. The stock could buck the odds and push higher, but you are risking a lot in order to gain a little more.
Don't do it. You may lose out on future profits, but the key to trading isn't about timing tops, but securing the gist of a move.
Sell the Herbalife and move on...
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