NEW BULLISH Plays
Hain Celestial Group - HAIN - close: 44.76 change: +0.95
Stop Loss: 42.75
Current Gain/Loss: unopened
Time Frame: up to its early May earnings report
New Positions: Yes, see below
Why We Like It:
We recently closed a successful bullish trade on HAIN. Yet given the stock's relative strength today we want to take another swing at it. Shares surged off their morning lows and look poised to breakout past the $45.00 level. The stock is already at record highs so the $45.00 level could be psychological resistance.
I am suggesting a trigger to open small bullish positions at $45.05 with a stop loss at $42.75. Our target is $49.00 but we plan to exit prior to the early May earnings report.
FYI: The Point & Figure chart for HAIN is bullish with a $59.00 target.
Trigger @ 45.05
Suggested Position: buy HAIN stock @ (trigger)
- or -
buy the May$45 call (HAIN1219E45) current ask $1.55
Entry on April xx at $ xx.xx
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 279 thousand
Listed on April 02, 2011