The Hain Celestial Group could exceed the symbolic threshold of USD 81.9.
From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health for the company.
Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the moving averages. The security is going toward USD 81.9 and would give a strong buying signal if the crossing is confirmed in daily closing.
Therefore, investors could take a long position in The Hain Celestial Group, on crossing of the USD 81.9 mid-term resistance, to target the USD 87 (swing effect). A stop loss should be placed bellow the entry point.
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. 
