NEW YORK (TheStreet) -- Shares of Herbalife (HLF) - Get Report closed sharply lower by 8.31% to $41.25 in Tuesday's trading session on heavy volume, reversing gains from the prior session.

Yesterday, shares continued to get a boost from last week's court ruling dismissing a lawsuit against the Herbalife over fraud allegations.

About 4.75 million shares of Herbalife exchanged hands as of 4:23 p.m. ET today, compared to its average trading volume of about 3.12 million shares a day.

Herbalife is a Cayman Islands-based global nutrition company that sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products as well as personal care products.

Insight from TheStreet's Research Team:

Bob Lang, Co-Portfolio Manager of Trifecta Stocks provided technical analysis on the Herbalife stock chart. Here is what Lang had to say:

This chart shows a nice uptrend lately but today was soundly rejected at the 200 ma, around 45 bucks. That is a significant reference point, where the stock started tumbling on bigger volume back in Nov 2014. Clearly buyers squeezed shorts lately but now we see momentum indicators are exhausted, the MACD is about to roll over and price looks headed lower.

What price zone would interest me? I would look to the 50% retracement level from the recent low to high, that comes in around 37 or so. At that point the indicators would have likely cooled off and re-set for perhaps another run higher, and a test of the 200 ma one more time. I'll be watching the volume as the stock comes down, if it's low then we know there is less commitment by the sellers here. Regardless, this stock is extremely volatile and subject to news events, so playing it light would be the best idea (or with options, defining risk).

-Bob Lang, Co-Portfolio Manager of Trifecta Stocks, 3/24/2015

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Separately, TheStreet Ratings team rates HERBALIFE LTD as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate HERBALIFE LTD (HLF) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself." You can view the full analysis from the report here: HLF Ratings Report