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After Yesterday's Decline of 2.17%, Hershey Co/The Offers Investors Better Value

By David Diaz

Hershey Co/The (NYSE:HSY) traded in a range yesterday that spanned from a low of $89.84 to a high of $92.22. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $91.13 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Hershey Co/The on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $97.24. Since that call, shares of Hershey Co/The have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Hershey Co/The share prices have moved between a 52-week high of $115.82 and a 52-week low of $89.10 and are now trading 3% above that low price at $91.35 per share. The 200-day and 50-day moving averages have moved 0.21% lower and 0.36% lower over the past week, respectively.

Keywords: rebounders hershey co/the

Ticker(s): HSY