The Hain Celestial Group, Inc. : We could expect a rally
January 09, 2013 at 09:50 am EST
By
Share
BUY
Live
Entry price
Target
Stop-loss
Potential
$54.13
$0
$52.1
-100%
The Hain Celestial Group’s share price was heavily penalized and is now in an oversold situation near to a solid support area.
From a fundamental viewpoint, Analysts polled by Thomson Reuters have revised upward their EPS previsions. Besides, they have set a target price at USD 69.3 that represents a potential of 28% compared to the current prices.
The security follows a downward trend in the short term, under the USD 57.15 resistance area.
In the mid-term, the trend is neutral. We can observe a famous technical pattern, a double bottom which could ease a bullish impetus in the next trading sessions. The Hain Celestial Group is not likely to continue its downtrend because it is near to the strong support area.
Considering technical and fundamental elements, it seems to be an appropriate timing to take immediately a long position in The Hain Celestial Group in order to benefit from the USD 52.7 support area. A first target price will be the USD 57.15 resistance. A stop loss order will be placed under the short term support currently tested.
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. 
