The Hain Celestial Group, Inc. : Perfect timing to aim a technical rebound
February 28, 2013 at 09:51 am EST
By
Share
BUY
Live
Entry price
Target
Stop-loss
Potential
$54.08
$0
$50.5
-100%
Analysts have revised slightly downward their earnings forecasts. However, the Thomson Reuters consensus maintains the average target price at USD 68.
Technically, the security is in a negative configuration in the short term as the bearish trend of 20-day moving average, currently at USD 57.9, shows. Nevertheless, the stock seems in an oversold situation, near to its USD 52.5 support. This level might stop the bearish trend in the short term.
Thanks to the technical pattern, active investors can take a long position above USD 52.5. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goal will be fixed at USD 62.2. However, a bearish trend would regain the upper hand if the security crosses USD 52.5.
The Hain Celestial Group, Inc. is a global health and wellness company. The Company operates through two segments: North America Segment, and International Segment. The Companyâs North America Segment includes the United States and Canada. The Companyâs International Segment includes the United Kingdom, and Europe. The Company's brands include Garden Veggie Snacks, Terra chips, Garden of Eatin snacks, Earths Best and Ellas Kitchen baby and toddler foods, Celestial Seasonings teas, Joya and Natumi plant-based beverages, Greek Gods yogurt, Yorkshire Provender, Cully & Sully and Covent Garden soups, Yves and Linda McCartneys (under license) meat-free, Alba Botanica natural sun care, and Live Clean personal care products, among others. The Company sells its products through specialty and natural food distributors, supermarkets, natural food stores, mass-market and e-commerce retailers, food service channels and club, drug and convenience stores worldwide.
THE HAIN CELESTIAL GROUP, INC. 
