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Hain Celestial: The Losing Streak Continues (HAIN)

By Nick Russo

Shares of Hain Celestial (NASDAQ:HAIN) traded at a new 52-week low today of $25.08. So far today approximately 187,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

Hain Celestial (NASDAQ:HAIN) has potential upside of 34.3% based on a current price of $25.09 and analysts' consensus price target of $33.69. Hain Celestial shares should first meet resistance at the 50-day moving average (MA) of $27.79 and find additional resistance at the 200-day MA of $31.06.

The Hain Celestial Group, Inc. is a natural and organic beverage, snack, specialty food, and personal care products company. The Company's product line include grocery store foods such as organic cookies, cooking oils, sugar free products, kosher foods, snacks, and frozen foods, as well as organic skin, hair, and body products. Hain Celestial sells and markets in North America and Europe.

In the past 52 weeks, shares of Hain Celestial have traded between the current low of $25.08 and a high of $56.99 and are now at $25.09. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Hain Celestial on July 19th, 2018 by issuing a Downtrend alert when the shares were trading at $28.66. Since that call, shares of Hain Celestial have fallen 12.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows hain celestial

Ticker(s): HAIN