Thursday, December 12, 2013

Hersheys HSY is a stealth Strong Stock get more

I continue to focus on the theme of "Strong Stocks Getting Stronger", in particular for the position and swing trading candidates, and Hershey (HSY) adds another layer to the saga.Hershey is a stealth strong action that does not generate as many titles as other names stocks flying high, even if we all (I assume) heard of The Hershey Company or enjoyed their delicious products.Yet behind the scenes, the stock has quietly doubled $ 50.00 early 2011 his recent rise above $100.00 per share:Pro trend or strongly oriented stocks tend to grow over time, and it is often preferable to use the retracement of Pro-trend or even outright price breakout strategies for the uptrending stocks swing trades.Compare the volume during the trend - note if volume increases with the rise in prices, as was the case during 2011 and early 2012.  This advice also opportunities to foster the future increase in future prices over time.Unfortunately, very strongly oriented periods do not allow own entries - or at least low risk retracement/reverse trades - which can be seen during the oscillation of straight-up impulse at the beginning of 2013.The current interaction at the $100.00 per level share will be the focal point and buyers/bulls would logically fit well deserved to win this 'rounds of the issue reference level'.Sellers uncovered would not have possibilities to combat the rising trend, unless the price breaks under $90.00 per level of sharing which would trigger an event of ventilation under the day 200 rising SMA and EMA week confluence 50.Speaking of the weekly list, we'll see how the actions of Hershey reverse their trend downward and valiantly oriented to the current stage of a $100.Period 2009 - in reality 2007-2010 - highlights one of my models preferred for a stock: the structure of curve trend "Rounded reversal" or scallops/arc.Note the weekly escape at the beginning of 2010, which continued with the escape from early 2011 above $50.00 per share.  Also note the bullish breakout above the $60.00 per level in early 2012.  And finally, to note the strong escape in early 2013.On this basis, we can develop a theme that Hershey shares have tended to strongly trade early in the new year.  Presumably, Valentine and the amount of chocolate bought during this period can be one of the main drivers of this seasonal pattern (Council: Watch 2014 for a possible repeat).However, Hershey (HSY) reminds us that joint, known and some may even say "boring" stock names can be sneaky winners of a portfolio or even swing trading watchlist.Follow as well as members of the commentary daily and idealized trades summarized for updates in real-time and commercial additional planning parameters that we look at a 'hold and bounce' or 'break and retrace' scenario unfold in the near future.Corey Rosenbloom, CMTAfraid to Trade.comFollow Corey on Twitter: http://twitter.com/afraidtotradeNew book by Corey The Complete Trading Course (Wiley Finance) is now available with the new version taking advantage of the life cycle of a trend Stock (also at Wiley) presentation.

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