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Bearish Moving Average Cross by Hasbro (HAS)

By Nick Russo

Hasbro (NYSE:HAS) shares have crossed bearishly below their 10-day moving average of $83.74 on a volume of 180K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Hasbro share prices have been bracketed by a low of $60.38 and a high of $88.53 and are now at $82.80, 37% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Hasbro on February 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.42. Since that recommendation, shares of Hasbro have risen 12.7%. We continue to monitor HAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Hasbro

Ticker(s): HAS