HLF has formed Three Inside Up day pattern which is a bullish reversal pattern. Once this pattern is formed then according to Thomas Bulkowski the stock has 65% probability of moving higher. HLF as you can see on the chart fell from $75 to $62 level. The $75 level was hit on October 2nd. On the same day Zack rated HLF as their number one stock to buy.
For last six days HLF is maintaining $62 level to the downside and unable to cross $65 to the upside. Since probability is high that HLF will move up therefore, traders can put HLF on radar for entry long and sell HLF near $72 level. HLF today closed at $64.71.
Chart of HLF shown.