Bullish Moving Average Cross by Hershey (HSY)
Hershey (NYSE:HSY) shares have crossed bullishly above their 10-day moving average of $109.78 on a volume of 607K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Hershey share prices have moved between a 52-week high of $117.79 and a 52-week low of $82.41 and are now trading 35% above that low price at $111.08 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.
SmarTrend recommended that subscribers consider buying shares of Hershey on June 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.13. Since that recommendation, shares of Hershey have risen 13.7%. We continue to monitor HSY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Hershey