HAIN has had a good run throughout 2012. It started off strong in 2013, and has since pulled back after bounding off the .236 retracement near $62. It has broken the teal rising trendline and looks poised for further losses toward the 50% retracement at 55.50 and potentially the .618 retracement at 44.25. While it looks bearish mid term, it could potentially be...
This is a potential 5-6 month head and shoulders bottom that sets up an excellent buy point for investors. Over the neckline you can target an attempt at the August highs. I will start looking long around 57 if we get there.
