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Hain Celestial Set to Possibly Rebound After Yesterday's Selloff of 12.24%

By James Quinn

Hain Celestial (NASDAQ:HAIN) traded in a range yesterday that spanned from a low of $22.39 to a high of $25.15. Yesterday, the shares fell 12.2%, which took the trading range below the 3-day low of $25.20 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Hain Celestial have traded between the current low of $22.39 and a high of $44.37 and are now at $22.91. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.5%.

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 8.8%. 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