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

By James Quinn

Today, shares of Hershey Co/The (NYSE:HSY) have crossed bullishly above their 10-day moving average of $153.16 on a volume of 140K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Hershey Co/The has traded in a range of $97.00 to $156.69 and is now at $153.62, 58% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Hershey Co/The on July 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.34. Since that recommendation, shares of Hershey Co/The have risen 59.9%. We continue to monitor HSY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses hershey co/the

Ticker(s): HSY