The Hershey Company stock price broke out from the bullish flag last June 2, 2010 (click here to see my previous post about it). A week after the break out, it made a 2-year high of $52.10. Now, the stock price is at $49.34 and could head further up all the way to the $52.10 resistance. Once that price mark is cleared out, the Hershey stocks could reach the $53.48 level. On the flip side, if the stock value starts to descend, $48.73 could be the next significant support. If $48.73 still wouldn’t hold on to the stocks from further falling then the uptrend probably could. As long as the uptrend remains intact, I’d stay bullish on this.
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Hershey Co. Valuation: More Bitter than Sweet
(Wall Street Sector Selector, 6/15/10)
Investor Sentiment: Looking Like Q4, 2010
(Comments for thetechnicaltake, 1/28/12)
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