The “Chart of the Day” is Hershey Foods (HSY), which showed up on Tuesday’s Barchart “All-Time High” list. Hershey on Tuesday posted an all-time high at $73.07 and closed up +0.61%. TrendSpotter has been long Hershey since July 30 at $72.17. In recent news on the stock, Hershey’s Board of Directors on Aug 7 announced quarterly dividends of $0.38 on the Common Stock and $0.344 on the Class B Common Stock. The dividends are payable September 14, 2012, to stockholders of record August 24, 2012. It is the 331st consecutive regular dividend on the Common Stock and the 112th consecutive regular dividend on the Class B Common Stock. On July 31, Argus lifted its price target on Hershey to $82 a share from $78 and said it expects the company’s growth prospects to improve based on several positive catalysts and it maintained its Buy rating on the stock. Hershey, with a market cap of $16.2 billion, is a leading snack food company and the largest North American manufacturer of quality chocolate and non-chocolate confectionery products. Hershey markets such well-known brands as Hershey’s, Reese’s, Hershey’s Kisses, Kit Kat, Almond Joy, Mounds, York, Jolly Rancher, Twizzlers, and Ice Breakers as well as innovative new products such as Swoops and Hershey’s S’mores.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “All-Time High” list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the “All-Time Highs” menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the “Percent” column title. A stock that has posted a new all-time high is typically showing strong upside momentum.
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 75% Buy
- Long-Term Indicators: 67% Buy
- Overall Average 88% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
