The Hain Celestial Group, Inc., together with its subsidiaries, manufactures, markets, distributes, and sells organic and natural products. The company offers grocery products comprising infant formula, infant, toddler and kids foods, non-dairy beverages and frozen desserts, flour and baking mixes, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, granola and cereal bars, canned, chilled fresh, aseptic and instant soups, greek-style yogurt, chilis, packaged grains, chocolate, and nut butters. It also provides cold-pressed juices, chilled hot-eating and frozen desserts, cookies, crackers, gluten-free frozen entrees and bars, frozen pastas and ethnic meals, frozen fruit and vegetables, cut fresh fruit, refrigerated and frozen soy protein meat-alternative products, tofu, seitan and tempeh products, jams, fruit spreads and jelly, honey, and marmalade products, as well as other food products. Further, it provides personal care products comprising skin, hair and oral care, deodorants, baby care items, diapers, acne treatment, body washes, and sunscreens.
To review Hain's stock, please take a look at the 1-year chart of HAIN (The Hain Celestial Group, Inc.) below with my added notations:
Over the last (8) months HAIN has consistently moved higher. Since February though, the stock has formed a trendline of support (blue). Always remember that any (2) points can start a trendline, but it's the 3rd test and beyond that confirm its importance. HAIN confirmed its trendline support earlier this week. In addition, the stock has formed a trendline of resistance over the last (2) months (red). At some point, one of these lines has to break.
The Tale of the Tape: HAIN has created (2) trendlines to watch. A long position could be entered on a pullback to trendline support or on a break through trendline resistance. A short position could be entered on HAIN at trendline resistance or if the stock were to break the trend line support.
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