Hain Celestial Group
Hain Celestial Group (HAIN)
Mondays Volume: 6.-3 million
Three-Month Average Volume: 559,439
Volume % Change: 1057%
From a technical perspective, HAIN trended modestly higher here with monster upside volume. This move pushed shares of HAIN into breakout and new 52-week high territory, after the stock took out some near-term overhead resistance at $88.36. Market players should now look for a continuation move higher in the short-term if HAIN manages to take out Monday's intraday high of $89.40 with strong volume.
Traders should now look for long-biased trades in HAIN as long as its trending above Monday's low of $87.36 or above $86 and then once it sustains a move or close above $89.40 with volume that hits near or above 559,439 shares. If we get that move soon, then HAIN will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $95 to $100.