For the chocolate lovers, the stock price of The Hershey Company looks to be forming a flag (indicated by the yellow lines) but it doesn’t look ripe yet. However, if the stocks suddenly break above the formation’s resistance line, it could head towards the next resistance at $48.75 or even at $50 which is the next psychological resistance. If the value fails to rise and a break below the support line occurs, the price could drop at the $44.32-44.75 area which is the next support.
More on this topic
(What's this?)
Hershey Co. Valuation: More Bitter than Sweet
(Wall Street Sector Selector, 6/15/10)
Wealthy Congressmen Don't Feel Your Pain
(Money Morning, 1/9/12)
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
