ChristopherCarrollSmith

Lifevantage may get a rebound

Long
NASDAQ:LFVN   Lifevantage Corporation
Lifevantage got a big surge just before it was added to the Russell 3000, and then a big selloff just after. It's probably overcorrected, because it's currently sitting just below its original price from before the addition to the Russell index was announced.

Lifevantage has had bullish divergences coming in on the hourly chart for a few days, and today it broke upward through its 2-week downward trendline. That should set it up for a nice bounce this week.

The stock is rated extremely high quality and extremely undervalued by the fundamental analysts at S&P Capital IQ .
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