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 !!
HSYD trade ideas
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
How To Profit From Sweet Chart Setups, Hershey Co (NYSE:HSY)Hello traders,
Over the past month, at The Elite Round Table, we earned a net gain of over 30%. This profit was achieved through 23 trades given to our subscribers, as seen here. While that is a great gain in a short period, our goal is not only to give you winning trades, but also teach you how to profit consistently.
Let's take a look at a recent trade we took and explain why we took it, so you can do it yourself...
In mid July we closed a short trade position in Hershey Co (NYSE:HSY) for a sweet gain of over 5%, after taking profits earlier on our first half. So, why exactly did we go short Hershey Co (NYSE:HSY), and how did we know it was the perfect time to trade it? There were many technical factors present which supported the decision to short the HSY stock. Today I will share with you a simple pattern and some of the factors that led me to short this equity.
As you can see, there was a wide range, high volume sell off candle put in place towards the end of April. This type of bar usually indicates that the equity will see lower prices in the near term. After the sell off, the equity moved sideways and was never able to "confirm" above the high from the wide range sell off candle, (The "confirmation rule" is a proprietary technique developed by www.InTheMoneyStocks.com)
Now we had two factors, wide range sell off bar and sideways consolidation. Even if you are not familiar with the confirmation rule, you can look for wide range candles and sideways consolidation. This type of pattern is often called a "Bear Flag."
We sold Hershey Co (NYSE:HSY) short at a price of $97.10 (which means we will profit from the stock going lower). From our entry, the equity proceeded to sell off as expected from this type of pattern, and on 7/16/2014 we closed it at a price of $91.75 for a very nice and easy gain.
This type of pattern can be found and utilized on all different stock chart time frames; which can give the short term traders as well as the longer term investors great opportunities to profit. Remember, this trade on Hershey Co (NYSE:HSY) had many technical indicators coming into play at the time we at, The Elite Round Table, took the short trade. The more factors you have when taking a trade, the better your odds of making money. You should always have an entry and exit strategy prepared for any given trade, prior to entering. Including a target at which to take profits, and a stop loss level where you know you were wrong and move out of the trade. When you properly analyze the chart of any stock you are looking to trade, the most optimal levels will reveal themselves.
For live trade alerts like this one, join me and three other Pro Traders at, The Elite Round Table. Profit with us while learning to read the charts. You can also join are FREE email list here to get more articles like this one as well as important market updates and trade alerts.
Kiliam Lopez
Elite Round Table, Pro Trader
Follow me @KiliamLopez
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.
$hsy ready for upward swing!higher time frame in uptrend finding solid support and retraced to .50 level- looking for a bounce upward
mid time frame is forming an ascending triangle with positive momentum and volume
looking for breakout of resistance area of 112.4x to first target of 113.5x area
lower time frame is showing once resistance is broken- there is the least resistance for strong momentum
Buy out failThe Hershy family trust has turned down other offers , they seem to be loyal to workers , state country , self
the offer of 107 is below where this price jumped up to of about 115
i am in the July 110 Put @ 2.63
have sold some already in the 3 to 5 range
has a long term hold possibility so i might actually exercise some puts if it drops enoughl
HSY - Weekly and daily charts alligning for a long tradeThe weekly chart currently stands at the neckline of a double top pattern, where it formed a bullish engulfing candle last week. The Force Index has been oversold a few weeks ago, and is now back inside the channel. A bounce is possible.
Going to the daily chart, a bounce seems imminent. An almost perfect class A bullish divergence on the MACD lines and histogram at strong support with a false breakout below a very strong support level at 88$. Here too, the Force Index has been oversold and is now back inside the channel.
I would use a stop well below 88$ and I would look for a target around 108.
Thats how multiple top are formed.Hershey, the famous chocolate company with branches all over the world, has announced the end of their long term uptrend in late July. Again, breaking a long term uptrend line doesn't mean immediately bear market will take charge tomorrow. As the price may still move higher along the uptrend resistance line until exhaustion takes over. Thats how double top/triple top/multiple top are formed.
Right now, its time to short!
HSY - Closed long position. Lack of divergence and poor earningsDivergence
Status: Closed Long Position
Point system: 1 = meets criteria, 0 = fails or not applicable
Total points: 2
Horizontal S&R: 0
Channel S&R: 1
MA S&R: 0
Pearson's R >= 85: 1
Price Fib Ext >1.382: 0, 1:3
Next Earnings date: 10/23
Favorable EPS: 0
Favorable Rev: 0
Short Float:
*stop 1 atr below swing low.
** first price target is 50% the move from entry price to previous high.
***No Biotech
**** Only short if price is below 50 and/or 200 ma
Any feedback is welcomed! Thx
Cost basis:
Stop:
First price target:
