The USTR says that the tariffs on some items, including “certain toys,” will be delayed until Dec. 15.
September is a key shipping month for those companies as they prepare for the holiday shopping season, when the majority of the industry’s business occurs.
Hasbro told CNBC earlier this month that it would have “no choice but to pass along...
As an exercise of basic trading, I identified in HASBRO shares (last 3 months) a bearish trend line, specifically in March. The trend line is drawn from March 19th to March 22th. However, if you can see the charts for 1 year, you can see it's the lowest point after December in a bullish trend line.
HAS is moving in an uptrend and appears to be near the bottom of the channel. Expect markets to fall on October 14, 2016 but a positive earnings could cause a bounce off of the support line. The best time to BUY CALLS may be the end of the day on October 14.
Outside of playing earnings, from a technical level the stock should continue up.
On the chart wee see several signals for short movement based on price, graph and volumes (more detailed on the chart).
Recommendation is to sell HAS
Sell the breakout of 80.00
Stop-loss 82.00 (+10 tics 81.90 -> high price of upbar after diapazoning downbar)
Take profit 74.00 (probable touch of inclined supporting level)