Herbalife Works On New Base, But It's Stage 3

Even if the market should switch from correction to uptrend, this market's problems aren't over. That's because many stock charts look like candidates for a Dr. Phil intervention: "You've formed too many bases. You need to reset that base count, or you could be headed for trouble." Herbalife (HLF) broke out of a second-stage base Feb. 23 and advanced as much as 60% from the split-adjusted 35.75 buy point. A first- or second-stage base has a better