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Hershey Bearish Moving Average Crossover Alert (HSY)

By Amy Schwartz

Hershey (NYSE:HSY) shares have crossed bearishly below their 10-day moving average of $91.70 on a volume of 161K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Hershey have traded between a low of $82.41 and a high of $102.56 and are now at $91.44, which is 11% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Hershey on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.46. Since that recommendation, shares of Hershey have risen 5.0%. 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