June 24, 2010

Hershey's Set For Another Move


The stocks of HSY broke out from the bullish symmetrical last June 2, 2010 (click here) and made a 2-year high of $52.10 a week after based on my technical analysis. By the looks of it, HSY could be seen bouncing off its current support, retest the $52.10 high and climb all the way to the $53.48 level. On the flip-side, if the support at $48.73 breaks, the next safe haven could be the uptrend line.

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