The Hain Celestial Group, Inc. : The bullish impetus is not depleted
Entry price | Target | Stop-loss | Potential |
---|
$53.87 |
$0 |
$51.6 |
-100% |
---|
The Hain Celestial Group produces natural and organic beverage, snack, specialty food and personal care products.
From a fundamental viewpoint, the group is in a good financial situation. Sales are up 25.4% in the current year, with a net income of $55 million. Analysts widely revised upward in recent times their earnings per share estimates, which is a reliable indicator reflecting the healthiness of the company.
Since several months, the stock has initiated a sharp bullish trend mainly due to the company's strong fundamentals. The move could be continued, supported by 20-days moving average, and the stock might return to its highest price levels.
Taking into account all these elements, investors could buy the stock at the current price. The target price is set above the USD 56.8 mid-term resistance. A stop loss order will be fixed below USD 51.6.
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