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Actionable news in HAIN: The Hain Celestial Group, Inc.,

Hain Celestial (HAIN) Stock Not Very Healthy, Could Fall 10%

NEW YORK (TheStreet) -- Hain Celestial Group (HAIN - Get Report) has been trending lower for several months, and a bottom has yet to develop.

In this chart of HAIN, above, we can see a three-month downtrend. Prices are below the declining 50-day simple moving average. The On-Balance-Volume (OBV) line is still pointed down, suggesting that liquidation is still the order of the day. There is a bullish divergence the last three months between the lower lows in price and the higher lows for the momentum study, but that has yet to result in anything more than a minor passing bounce.

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In this longer-term view of HAIN, above, we can see the break below the key 40-week, or 200-day, moving average and that the slope of the moving average is now negative. The OBV line is in retreat, and there is no bullish divergence on this timeframe. Looking across the chart from right to left, we see the next chart support in the $45-$40 area. This support zone could be tested in the weeks ahead.

TheStreet Ratings team rates HAIN...