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Hershey Crosses Below its 10-day MA (HSY)

By Shiri Gupta

Today, shares of Hershey (NYSE:HSY) have fallen below their 10-day MA of $95.93 on a volume of 418K shares. This may provide short-term investors a chance 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 $94.84, 15% 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 its subscribers protect gains by selling shares of Hershey on August 30th, 2016 by issuing a Downtrend alert when the shares were trading at $99.49. Since that call, shares of Hershey have fallen 3.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Hershey

Ticker(s): HSY