Back in my last post on The Hershey Company or HSY in the New York Stock Exchange, the bullish flag was still forming. Now, the price has just broken out (indicated by the yellow circle) from the formation’s resistance line after closing at $48.70 per share. The stocks could be on its way to the next resistance at $50.00. In case it fails to ascend and declines, the 5-month uptrend could still keep it from falling any further. But if the uptrend support breaks, Hershey’s chocolates could then melt and drop all the way down to the $44.30 area.
More on this topic
(What's this?)
Investor Sentiment: Looking Like Q4, 2010
(Comments for thetechnicaltake, 1/28/12)
Hershey Co. Valuation: More Bitter than Sweet
(Wall Street Sector Selector, 6/15/10)
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
