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Hain Celestial Set to Possibly Rebound After Yesterday's Selloff of 1.28%

By David Diaz

Hain Celestial (NASDAQ:HAIN) traded in a range yesterday that spanned from a low of $19.63 to a high of $20.12. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $19.65 on volume of 269,000 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 $19.63 and a high of $43.70 and are now at $19.67. The 200-day and 50-day moving averages have moved 0.76% lower and 1.56% lower over the past week, respectively.

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 30.5%. 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