Hershey Stock Poised to Notch Fresh Record High

The security maintains an over 15% year-over-year lead

Digital Content Manager
Feb 16, 2023 at 12:26 PM
facebook X logo linkedin


The shares of Hershey Co (NYSE:HSY) are down 1.5% at $233.93 at last check, but maintain a 15.4% year-over-year lead. The equity attempted to conquer its Dec. 9, all-time high of $242.56 twice before Valentine's Day, and is now pulling back. This drop may have been  what the chocolate stock needed to bounce higher, though, as it is currently flashing a historically bullish signal.

According to Schaeffer's Quantitative Analyst Rocky White, HSY's latest peak comes amid historically low implied volatility (IV), which has been a bullish combination for the shares in the past. White's data shows four other signals in the last five years when the security was trading within 2% of its 52-week high, while its Schaeffer's Volatility Index (SVI) stood in the 20th percentile of its annual range or lower. This is the case with Hershey stock's SVI of 18%, which sits in the 10th percentile of its annual range. 

One month after these signals, HSY was higher, averaging a 5.3% gain. From its current perch, a move of similar magnitude would place the security at a brand new record high of $246.32.

The brokerage bunch is bearish toward Hershey stock, with 10 calling it a tepid "hold' or worse, while five say "strong buy." This leaves ample room for upgrades going forward.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI