The Hain Celestial Group, Inc. : On the canal of the bottom
Entry price | Target | Stop-loss | Potential |
---|
US$85.65 |
US$0 |
US$82.9 |
-100% |
---|
Investors could take advantage of the channel to buy Hain Celestial.
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of USD 3.1 per share for the current year.
The Hain Celestial Group is in an uptrend in the medium and long term, but the last bearish movement returns close to a major support level. This threshold, if preserved, will enable to enjoy the bullish movement. This level is also very important because it represents the bottom of a channel which drive prices since the beginning of 2013.
Investor could take a long position at the current price to take advantage of a new upward acceleration in the direction of USD 90.8 and then 97.8. A stop loss is placed under USD 84.1.
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