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Hershey Co/The Bearish Moving Average Crossover Alert (HSY)

By James Quinn

Hershey Co/The (NYSE:HSY) crossed under its 10-day moving average of $91.15 on a volume of 982K 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 Co/The share prices have been bracketed by a low of $89.10 and a high of $115.82 and are now at $90.42, 1% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Hershey Co/The on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $97.24. Since that call, shares of Hershey Co/The have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses hershey co/the

Ticker(s): HSY