Bullish Moving Average Cross by Hain Celestial (HAIN)
Hain Celestial (NASDAQ:HAIN) crossed over its 10-day moving average of $42.21 on a volume of 2.1 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Hain Celestial has traded in a range of $33.12 to $70.65 and is now at $44.70, 35% above that low. The 200-day and 50-day moving averages have moved 0.84% lower and 0.72% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Hain Celestial on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.53. Since that recommendation, shares of Hain Celestial have risen 6.6%. We continue to monitor HAIN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses hain celestial