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Hershey Crosses Below its 10-day MA (HSY)

By David Diaz

Hershey (NYSE:HSY) shares have crossed bearishly below their 10-day moving average of $114.39 on a volume of 518K 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.

In the past 52 weeks, Hershey share prices have been bracketed by a low of $82.41 and a high of $117.79 and are now at $112.60, 37% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Hershey on December 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.33. Since that recommendation, shares of Hershey have risen 11.2%. 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