Hershey Bearish Moving Average Crossover Alert (HSY)
Hershey (NYSE:HSY) shares have crossed bearishly below their 10-day moving average of $100.28 on a volume of 117K 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, Hershey share prices have been bracketed by a low of $85.14 and a high of $108.69 and are now at $100.11, 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.
SmarTrend recommended that its subscribers protect gains by selling shares of Hershey on March 25th, 2014 by issuing a Downtrend alert when the shares were trading at $103.78. Since that call, shares of Hershey have fallen 3.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Hershey