AI
Thursday, January 18, 2018 11:08:45 AM
The Hershey Co (NYSE:HSY) Looks Sweet At This Level
The Hershey Co (NYSE:HSY) has been declining since December 19, 2017 when the stock traded as high as $115.82 a share. Today, HSY stock is trading lower by $0.58 to $108.35 a share. The stock is now trading just below its 200-day moving average which is often viewed as a negative on the charts. The next important support level for the candy giant will be around the $105.00 level. This is where the stock was defended in late October 2017. Often, past support areas will be major chart support when retested. It is important to note that Hershey Co (NYSE:HSY) is expected to report earnings on February 1, 2018 before the opening bell.
Nicholas Santiago
InTheMoneyStocks
The Hershey Co (NYSE:HSY) has been declining since December 19, 2017 when the stock traded as high as $115.82 a share. Today, HSY stock is trading lower by $0.58 to $108.35 a share. The stock is now trading just below its 200-day moving average which is often viewed as a negative on the charts. The next important support level for the candy giant will be around the $105.00 level. This is where the stock was defended in late October 2017. Often, past support areas will be major chart support when retested. It is important to note that Hershey Co (NYSE:HSY) is expected to report earnings on February 1, 2018 before the opening bell.
Nicholas Santiago
InTheMoneyStocks
