The Hain Celestial Group (NASDAQ:HAIN) Is one of the leading organic and natural-food products companies in the world. The stock has been trading in a very narrow and sideways range since August 2016 when the stock plunged by nearly $20 a share. On August 12, 2016, HAIN was trading as high as $56.99 a share. Today the stock trades at $35.13 a share.
So where's the trade? The stock should have a major institutional support level around the $30.75 area, which is where it found support back in early 2013. It's important to note that prior institutional support levels are often major buying opportunities when retested.
Keep HAIN's stock on your radar around this level.