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Hain Celestial Crosses Above its 10-day MA (HAIN)

By James Quinn

Today, shares of Hain Celestial (NASDAQ:HAIN) have crossed bullishly above their 10-day moving average of $35.27 on a volume of 183K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Hain Celestial share prices have moved between a 52-week high of $70.65 and a 52-week low of $33.12 and are now trading 7% above that low price at $35.37 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Hain Celestial on August 16th, 2016 by issuing a Downtrend alert when the shares were trading at $38.80. Since that call, shares of Hain Celestial have fallen 10.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses hain celestial

Ticker(s): HAIN