Hsy Playing out as planned.Hsy pivoted right on the supply area and rode up. Needs to close above 144.50 and the 8Dsma (blue) If not watch closely and set stops
HSY trade ideas
HSY 5th Wave Long - It's Not too lateWe are already in this 5th Wave Long on HSY, but its not too late to get in if you play the Long Breakout! With an Entry just over $158 with a tight stop at $152.42, just below recent range bound period. This gives a Risk to reward of 1:1.6 into our automated 5th Wave Target Zone around $167,
We used our Elliott Wave Indicator Suite to find this Long Swing Trading opportunity on HSY. Watch the video tour of our Elliott Wave indicator Suite for TradingView >>HERE<<
Hershey still looks a sweet trade. During good times and bad times, Hershey Co is still a source of comfort and pleasure for everyone. A earnings beat is expected as international growth strengthens but will it be enough to carry the 27 P/E ratio.
Technically the chart is bullish =
MACD had bounced of the zero line and the histogram is ticking higher and green.
MA 7&12 are on the process of crossing the 50ma in a very bullish manner.
$162 is the key area for a breakout.
Average analysts price target $147
Average analysts recommendation HOLD
P/E ratio 27
Yield 2%
Short interest
The Hershey Co. engages in the manufacture and market of chocolate and sugar confectionery products. It operates through the North America; and International and Other geographical segments. The North America segment is responsible for the traditional chocolate and non-chocolate confectionery market position of the company, as well as its grocery and snacks market positions, in the United States and Canada. The International and Other segment is the combination of all other operating segments which are not individually material, including those geographic regions where the company operates outside of North America. Its brands includes Hershey's, Reese's, and Kisses. The company was founded by Milton S. Hershey in 1894 and is headquartered in Hershey, PA.
CorrectingThe time to rise seems to be over and a bigger correction of the uptrend seems to be on the way.
Decision point for $HSYNYSE:HSY HSY has reached the resistance trend line in its current channel. That doesn't mean it HAS to go down now, it could very well bust through, or chop around just below for a bit. The Stochastic indicator is pegged out at 100 on the monthly, but can easily ride there for months to come. The daily and weekly Stochastic still has room either way. If it gets rejected over the next two days, I will initiate a short position using put options. If it pops above the resistance, I will attempt to play a pullback to test that breakout, then enter long. If neither of these happen convincingly, and it chops around right here at this spot, I will sit on my hands until it chooses a direction. Just good to know when a stock reaches a critical moment so that you can put alerts on the trend line and make your bet. Happy hunting!!
HERSHEY (HSY:NYSE) - Nice consistent run. Popped resistance.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.
Quick Stats
Market Capitalization 27.53B
Total Shares Outstanding (MRQ) 208.626M
EBITDA (TTM) 1.984B
Gross Profit (FY) 3.587B
Last Year Revenue (FY) 7.791B
Free Cash Flow (TTM) 641.93M
P/E 23.61
Dividend yield 2.21%
15 min chart
About Hershey
The Hershey Company is a global confectionery leader known for bringing goodness to the world through its chocolate, sweets, mints and other great-tasting snacks. Hershey employees around the world who work every day to deliver delicious, quality products. The company has more than 80 brands around the world, including such iconic brand names as Hershey's, Reese's, Hershey's Kisses, Jolly Rancher, Ice Breakers and Brookside. Building on its core business, Hershey is expanding its portfolio to include a broader range of delicious snacks. At Hershey, goodness has always been about more than delicious products. Hershey has been committed to operating fairly, ethically and sustainably. Today, the company continues this social purpose through 'Nourishing Minds,' a global initiative that provides basic nutrition to help children learn and grow.
Using Bollinger Bands Indicator with HSY 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? Well, this indicator is supposed to be use as a trading system considering 22 rules, as his creator indicated.
As we can see, as the lines get squeezed, the shares have low volatility. As the bands move apart and the area between them is bigger, volatility increase.
HSY drop imminentHSY overbought on daily rsi. If its not used as a safe haven today then the drop should start today or tmrw. Worst case well be red by eod thursday. Bulls are gassed.
HSY Shrinking Run GainThe Hershey Company gapped on a solid earnings report. However, the recent run is a shrinking run candlestick pattern. This warns of hidden large lots selling against the smaller lot buyers.
HSY Enjoys Gap GainsThe 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.
Long Hershey co.Being slightly undervalued, coupled with basic technical analysis and some research into the companies current climate gives you a good a chance as any !!
HSY potential move Uptrend has started and if it doesn't break the trendline, we should see $4 move right into major resistance.
Dow drops 666 points :( #6 HSY )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 happens.
Now in our days the past week, the price drops breaking a bullish trend line with a gap (Look the daily Chart) wait for a pullback after the gap.
104.00 is now a key support level
Targets is not my job, my job is to find this kind of pattern and put in the desk of Traders and Managers.
Position sizing, stop loss and targets vary from reader to reader
HSY #411 (Info)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.
