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Possible Bullish Inside Day Candle Pattern Detected for Hasbro Inc (NASDAQ:HAS)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Hasbro Inc (NASDAQ:HAS) based on the price action in the company's shares. Yesterday's price range of $103.40 and $104.64 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Hasbro Inc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

In the past 52 weeks, Hasbro Inc share prices have been bracketed by a low of $80.30 and a high of $126.56 and closed yesterday at $105.25, 31% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

Hasbro Inc (NASDAQ:HAS) is currently priced 7.2% above its average consensus analyst price target of $97.67. Hasbro Inc shares have support at the 200-day moving average (MA) of $105.10 and additional support at the 50-day MA of $99.97.

Hasbro, Inc. designs, manufactures, and markets toys, games, interactive software, puzzles, and infant products 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.

SmarTrend is tracking the current trend status for Hasbro Inc and will alert subscribers who have HAS in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle hasbro inc

Ticker(s): HAS