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Hershey Co/The: The Winning Streak Continues (HSY)

By Amy Schwartz

Hershey Co/The (NYSE:HSY) traded today at a new 52-week high of $158.90. This new high was reached on below average trading volume as 82,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

In the past 52 weeks, shares of Hershey Co/The have traded between a low of $98.50 and a high of $158.90 and are now at $158.90, which is 61% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.1%.

Hershey Co/The (NYSE:HSY) is currently priced 38.1% above its average consensus analyst price target of $98.39. The stock should discover initial support at its 50-day moving average (MA) of $145.36 and subsequent support at its 200-day MA of $121.74.

The Hershey Company manufactures chocolate and sugar confectionery products. The Company's principal products includes chocolate and sugar confectionery products, gum and mint refreshment products, and pantry items, such as baking ingredients, toppings, and beverages.

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 66.1%. We continue to monitor HSY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows hershey co/the

Ticker(s): HSY