TMCnet News
Hershey (HSY) Crosses Pivot Point Resistance at $70.51Nov 09, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Hershey (NYSE:HSY) have bullishly opened above the pivot of $69.87 today and have reached the first resistance level of $70.51. Investors may be interested in a cross of the next upside pivot targets of $71.11 and $72.35. Based on a current price of $70.65, Hershey is currently 1.2% above its average consensus analyst price target of $69.83. The stock should find resistance at its 50-day moving average (MA) of $71.11, as well as support at its 200-day MA of $67.19. Hershey share prices have moved between a 52-week high of $73.42 and a 52-week low of $55.32 and are now trading 28% above that low price at $70.65 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.3%. SmarTrend is tracking the current trend status for Hershey and will alert subscribers who have HSY in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |