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Bullish Moving Average Cross by Hasbro (HAS)

By David Diaz

Hasbro (NYSE:HAS) crossed over its 10-day moving average of $79.13 on a volume of 3.5 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Hasbro have traded between a low of $60.38 and a high of $88.53 and are now at $81.76, which is 35% 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 its subscribers protect gains by selling shares of Hasbro on July 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $80.66. Since that call, shares of Hasbro have fallen 5.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Hasbro

Ticker(s): HAS