The Hain Celestial Group, Inc., together with its subsidiaries, manufactures, markets, distributes, and sells natural and organic products in the United States and internationally. The company offers natural and organic grocery products, and in addition offers personal care products such as skin care, hair care, body care, oral care, deodorants, and baby care items, including acne treatment, body washes, and sunscreens. Further, it processes, markets, and distributes prepared foods, such as fresh sandwiches, appetizers, and full-plated meals for distribution to retailers, caterers and food service providers. The company sells its products to specialty and natural food distributors, as well as to supermarkets, natural food stores, mass-market and on-line retailers, drug store chains, food service channels, and club stores. The Hain Celestial Group, Inc. was founded in 1993 and is headquartered in Melville, New York.
To review Hain's stock, please take a look at the 1-year chart of HAIN (The Hain Celestial Group, Inc.) below with my added notations:
After bottoming at $26 in August of last year, HAIN has been in a steady up trend ever since. Along the way, HAIN has started to form a nice trend line of support (navy). Always remember that any (2) points can start a trend line, but it's the 3rd test and beyond that confirm its importance. Obviously HAIN's trend line is very important to the stock since it has been tested on multiple occasions. In addition, HAIN seems to have created a short-term resistance level at $55 (red).
The Tale of the Tape: HAIN has created a nice trend line of support over the last (5) months. A long position could be entered on a pullback to the trend line support, which is currently near $50, or on a break above $55. A short position could also be entered if HAIN were to break the trend line of support.