BullBear Trading: Stock and Financial Market Technical Analysis

Hain Celestial Group Crushed On Earnings Release Delay, Here Is The Buy Level

Hain Celestial Group Inc (NASDAQ:HAIN) announced today that it will delay its fourth quarter and full year financial results. In after-hours trading the stock took a major beating, dropping to $41.26. This is an after-hours drop of over 22%. This major collapse in Hain Celestial offers a potential trading opportunity for tomorrow. After analyzing the stock chart there is a key support level at $37.75. Should the stock hit this level tomorrow during market hours, it is a buy. A likely bounce back above $40 could occur within a few days.

 

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