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

By Shiri Gupta

Today, shares of Hain Celestial (NASDAQ:HAIN) have crossed bearishly below their 10-day moving average of $47.18 on a volume of 297K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Hain Celestial share prices have been bracketed by a low of $33.12 and a high of $70.65 and are now at $47.04, 42% above that low price. 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 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 23.0%. 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

Ticker(s): HAIN