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Hershey Bearish Moving Average Crossover Alert (HSY)

By James Quinn

Today, shares of Hershey (NYSE:HSY) have fallen below their 10-day MA of $99.39 on a volume of 119K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Hershey has traded in a range of $87.88 to $108.69 and is now at $98.49, 12% above that low. The 200-day and 50-day moving averages have moved 0.13% lower and 0.39% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Hershey on October 27th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.62. Since that recommendation, shares of Hershey have risen 5.3%. 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