{"id":19430,"date":"2011-02-14T09:37:36","date_gmt":"2011-02-14T14:37:36","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19430"},"modified":"2011-02-14T09:37:36","modified_gmt":"2011-02-14T14:37:36","slug":"how-about-hersheys-for-valentines-day","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/14\/how-about-hersheys-for-valentines-day\/","title":{"rendered":"How About Hershey\u2019s For Valentine\u2019s Day?"},"content":{"rendered":"

\"Hershey's<\/a><\/p>\n

Happy Valentine’s Day everyone! I know you guys want to kiss those who you like and I know there’s something more on your mind. If that’s the case, ladies, please take it as a compliment. Since it’s the day of hearts, let’s tackle something sweet and my best choice is The Hershey Company<\/a> (HSY) who manufactures chocolate and sugar confectionery products worldwide. I’ll tell you why shortly.<\/p>\n

\"Hershey's<\/p>\n

Few other choices that I looked into that fit today’s theme were Cadbury PLC (NYSE:CBY), Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF), 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), Tiffany & Co. (NYSE:TIF), Zale Corporation (NYSE:ZLC) and Blue Nile Inc. (NASDAQ:NILE). However, among them all, Hershey’s got the sweetest stock chart and it’s the most affordable as a gift. So if you want something that fits your budget how can you go wrong with chocolates! The bottom line, everyone likes and expects chocolates for Valentine’s Day and historically speaking, the stocks of  Hershey’s tend to give favorable results after the “love-filled” day. You might want to check its historical data yourself.<\/p>\n

\"\"<\/a><\/p>\n

The last time I posted on The Hershey Company (HSY) was last June 24 (here’s the post<\/a>). I know it’s been a while so thanks to Valentine’s Day that I was able to chance upon it again. Looking at the 5-year chart of HSY, a large cup and handle pattern has formed after it broke out from an inverted head and shoulders pattern. However, what I want to highlight is the 8-month rectangle pattern<\/a> forming (could look like a triangle for some). This is most likely a bullish continuation pattern since the overall bias of the trend is upward and the chances of a rectangle being a continuation pattern is higher compared to being a reversal. At the same time, the MACD is above 0 and the price is moving above the 100 and 200-day moving averages that add up to the bullishness. Anyway, if the over-demand of Hershey’s chocolate products trigger the rectangle breakout, my target price is set USD<\/a>56.75 in the near term. However, before it reaches that level, it firsts needs to breach the $53.48 resistance. Though, once in a while we don’t get what we expect and if Hershey’s breaks down from the rectangle’s support and gets our hearts broken which I hope not, the next significant support could be the 2-year uptrend<\/a>.<\/p>\n

More on LaidTrades.com<\/a> …<\/p>\n","protected":false},"excerpt":{"rendered":"

Happy Valentine’s Day everyone! I know you guys want to kiss those who you like and I know there’s something more on your mind. If that’s the case, ladies, please take it as a compliment. Since it’s the day of hearts, let’s tackle something sweet and my best choice is The Hershey Company (HSY) who … <\/p>\n

Continue reading “How About Hershey\u2019s For Valentine\u2019s Day?”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-19430","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=19430"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19430\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}