One of the leading organic and natural food products companies in the world is Hain Celestial Group, Inc. (NASDAQ:HAIN). This stock has been trading in a very narrow and sideways range since August 2016. This is when the stock plunged by nearly $20.00 a share. You see, on August 12th, 2016 HAIN stock was trading as high as $56.99 a share, today the stock trades at $35.13 a share.
So where is the trade? The stock should have a major institutional support level around the $30.75 area. This is a level where the stock was supported back in early 2013. It is important to note that prior institutional support levels will often be major buying opportunities when retested. Keep HAIN stock on the radar around this level.