The Hain Celestial Group, Inc., together with its subsidiaries,
manufactures, markets, distributes, and sells organic and natural
products. The company offers grocery products comprising infant formula,
infant, toddler and kids foods, non-dairy beverages and frozen
desserts, flour and baking mixes, hot and cold cereals, pasta,
condiments, cooking and culinary oils, granolas, granola and cereal
bars, canned, chilled fresh, aseptic and instant soups, greek-style
yogurt, chilis, packaged grains, chocolate, and nut butters. It also
provides cold-pressed juices, chilled hot-eating and frozen desserts,
cookies, crackers, gluten-free frozen entrees and bars, frozen pastas
and ethnic meals, frozen fruit and vegetables, cut fresh fruit,
refrigerated and frozen soy protein meat-alternative products, tofu,
seitan and tempeh products, jams, fruit spreads and jelly, honey, and
marmalade products, as well as other food products. Further, it provides
personal care products comprising skin, hair and oral care, deodorants,
baby care items, diapers, acne treatment, body washes, and sunscreens.
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:
Over the last (8) months HAIN has consistently moved higher. Since
February though, the stock has formed a trendline of support (blue).
Always remember that any (2) points can start a trendline, but it's the
3rd test and beyond that confirm its importance. HAIN confirmed its
trendline support earlier this week. In addition, the stock has formed a
trendline of resistance over the last (2) months (red). At some point,
one of these lines has to break.
The Tale of the Tape: HAIN has created (2)
trendlines to watch. A long position could be entered on a pullback to
trendline support or on a break through trendline resistance. A short
position could be entered on HAIN at trendline resistance or if the
stock were to break the trend line support.
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