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Shares of Hasbro Has Risen Above Previous 52-Week High

By David Diaz

Hasbro (NYSE:HAS) traded today at a new 52-week high of $111.77. This new high was reached on below average trading volume as 108,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

Hasbro (NYSE:HAS) defies analysts with a current price ($110.88) 13.4% above its average consensus price target of $96.00. Hasbro shares have support at the 50-day moving average (MA) of $80.72 and additional support at the 200-day MA of $75.79.

Hasbro, Inc. designs, manufactures, and markets toys, games, interactive software, puzzles, and infant products in the United States and internationally. The Company's products include a variety of games, including traditional board, card, hand-held electronic, trading card, role-playing and DVD games, as well as electronic learning aids and puzzles as well as dolls and action figures.

In the past 52 weeks, Hasbro share prices have been bracketed by a low of $60.38 and a high of $111.77 and are now at $110.88, 84% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Hasbro on January 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.75. Since that recommendation, shares of Hasbro have risen 34.1%. We continue to monitor HAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Hasbro

Ticker(s): HAS