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Hershey Bearish Moving Average Crossover Alert (HSY)

By Amy Schwartz

Today, shares of Hershey (NYSE:HSY) have fallen below their 10-day MA of $108.62 on a volume of 247K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 31% above that low price at $108.15 per share. Over the last five market days, 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 December 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.33. Since that recommendation, shares of Hershey have risen 5.4%. We continue to monitor HSY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Hershey

Ticker(s): HSY