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Watch for Hershey Co/The to Potentially Rebound After Falling 1.25% Yesterday

By James Quinn

Hershey Co/The (NYSE:HSY) traded in a range yesterday that spanned from a low of $149.37 to a high of $151.31. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $150.00 on volume of 369,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Hershey Co/The share prices have been bracketed by a low of $99.15 and a high of $162.20 and are now at $149.66, 51% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.3%.

SmarTrend is monitoring the recent change of momentum in Hershey Co/The. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hershey Co/The in search of a potential trend change.

Keywords: rebounders hershey co/the

Ticker(s): HSY