GNC was recommended by Cabot Market Letter at $28.41 in Investment Digest issue 710, dated January 4, 2012.
“GNC Holdings, Inc. (GNC, $37) gave many indications that it was set to resume its major uptrend, but its action of the past few days is very poor — shares have plunged back toward the bottom of their basing area, and today, broke below their 150-day moving average for the first time during the entire upmove. While GNC may bounce in the near-term, the chart now says the action of the last few months was more of a topping process than anything else. Thus, we’ll sell our remaining shares (we sold one-third back in June) here and hold the cash. SELL.”
- Michael Cintolo, Cabot Market Letter, September 26, 2012