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Shares of Hershey Co/The Rise to a New 52-Week High

By Amy Schwartz

Shares of Hershey Co/The (NYSE:HSY) traded today at $146.00, breaking its 52-week high. So far today approximately 185,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.

Hershey Co/The share prices have moved between a 52-week high of $146.00 and a 52-week low of $90.52 and are now trading 61% above that low price at $145.33 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.5%.

Hershey Co/The (NYSE:HSY) is currently priced 32.3% above its average consensus analyst price target of $98.39. The stock should discover initial support at its 50-day moving average (MA) of $134.10 and subsequent support at its 200-day MA of $115.54.

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 52.8%. 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