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After Yesterday's Rally of 7.30% Shares Could Potentially Pullback

By Nick Russo

Hain Celestial (NASDAQ:HAIN) traded in a range yesterday that spanned from a low of $38.10 to a high of $38.99. Yesterday, the shares gained 7.3%, which took the trading range above the 3-day high of $36.69 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Hain Celestial share prices have moved between a 52-week high of $70.65 and a 52-week low of $32.87 and are now trading 17% above that low price at $38.60 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 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders hain celestial

Ticker(s): HAIN