HAIN- Buy Time Rest Of YearPrice action is at major support & five different insider's have bought shares lately.
*Only one reason for insider's to buy shares: PRICE WILL GO UP!!!
In my opinion: Looking at a $39-$40 price per share by end of year, this is where price action was at start of 2017.
The Hain Celestial Group, Inc. manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut. The company's grocery products also comprise juices, hot-eating products, chilled and frozen desserts, cookies, crackers, frozen fruits and vegetables, pre-cut fresh fruits, refrigerated and frozen plant-based meat-alternative products, tofu, seitan and tempeh products, jams, fruit spreads, jellies, honey, marmalade products, and other food products. In addition, it provides snack products, such as potato, root vegetable, and other vegetable chips, as well as straws, tortilla chips, whole grain chips, pita chips, puffs, and popcorn; specialty teas, including herbal, green, black, wellness, rooibos, and chai tea lattes; personal care products consisting of skin, hair, and oral care products, as well as deodorants, baby care items, body washes, and sunscreens and lotions; and poultry and protein products, such as turkey and chicken products. 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 clubs, and drug and convenience stores in approximately 80 countries worldwide. The Hain Celestial Group, Inc. was founded in 1993 and is headquartered in Lake Success, New York.
HAIN trade ideas
HAIN support level I make stock analyses before the opening, these levels i draw are strong support/resistance and are the most powerfull on the same day. So i use them the moment when the market opens.
You can see somethimes i use 2 - 3 levels because i dont know where the market will open.
when the market open i see witch levels are still valid if it gaps above or under my level this one cannot used anymore.
If price come close to my level i place a limit order.
time frame i use are 5-10 min candles if price close right under or below the level with few penny's its of the table ! my risk reward ratio is 2:1 would be good to use trial these are scalp trades in high illiquidity market conditions !
HAIN -Long at the break of 37.34 to 40 area. HAIN is forming a fallen angel formation. After a huge decline it is showing some upward momentum as EMA lines crossed upward & it crossed above MA50.
WE think it will go up from here & at least touch gap-down resistance around 40
You can check our detailed analysis on HAIN in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 3:15"
Trade Status: Pending
HAIN bull flag as price approached $120HAIN had a sticky patch for most of 2014 with a lengthy consolidation lasting from January to September. Since then it has behaved reasonably well with a continuation of the bull trend.
There was a larger-than-expected pullback in October which breached the previous pivot high and the $100 figure - but the daily 50ma just about held as support. Now price looks to be trending well, although the pullbacks (especially of the last bull flag on the daily chart) are deeper than I would like.
I think this stock needs to be given a bit more time to show us what it can do. Volume is also on the low side. But I expect price to continue moving up - albeit a little erratically.
Watch out the 109 Resistance level. NOV14: Negative Divergence. Trend still intact. R@109.43 It still has room to grow to the upside until 112.64 when it'll touch the Upper Channel Resistance.
A short term down trend can be expected to take profits and a possible reentry point with a target at 100 do the downside.