HERSHEY (HSY:NYSE) - Nice consistent run. Popped resistance.
Hershey has been running nicely. Moving averages diverging, volume starting to come through. Has broken above resistance and has tested it once and bounced so might start to establish it as support. Its chocolatey goodness might be worth a watch.
Market Capitalization 27.53B
Created by John Bollinger, this three lines allow us to visualize a “security” zone, generated by the average of closing prices. Some traders believe that if the prices move to the upper line, means that those shares are overbought. If the line of prices move to the lower line, then the shares are oversold. Using Bollinger bands properly isn’t easy as that, why?...
The Confections Industry has had an unusually strong year thus far, with some companies’ stock in speculation mode. HSY shifted briefly to a sideways pattern after a gap. It is now back in speculation mode.
Applying some of the most popular indicators on the pair HRL/HSY shows an interesting pattern. While HSY has been clearly outperforming HRL since December 2018, a trend reversal seems to occur. HRL might catch up in the coming days and weeks.
In 2014 and 2015 the stock price of this company show problems to reach and close above the 110.00 level then he did a considerable correction between 2015 and 2016
then from July 2016 to January 2018 try again to reach this level beating shyly the 110.00 level and going up around 112.00 to 114.00, the price try in three occasions to beat that level and nothing...
Today, Hershey Trust to sell 4.5 million shares of Hershey Co.
What does that mean to stock holders?
The Hershey company agrees to purchase common stock from Hershey Company.
This means that there will be 4.5 million MORE shares for public to buy, which means PRICE will go DOWN
Will be looking to play the bear side of this stock with PUT options for rest of year.
higher time frame in uptrend finding solid support and retraced to .50 level- looking for a bounce upward
mid time frame is forming an ascending triangle with positive momentum and volume
looking for breakout of resistance area of 112.4x to first target of 113.5x area
lower time frame is showing once resistance is broken- there is the least resistance for strong momentum