Monday, December 17, 2012

Chart of the Day - Hershey Foods (HSY)

The "Chart of the Day" is Hershey Foods (HSY), which showed up on Thursday's Barchart "All-Time High" list. Hershey Foods posted an all-time Thursday at $74.02 and closed up +0.53%. TrendSpotter has been long since Nov 13 at $71.81. In recent news on the stock, Miller Tabak said last Monday that Hershey is "worth a look" for a year-end rally with a target of $78 a share as the consumer staples sector shows "relative strength on increasing momentum." Hershey Foods, with a market cap of $16.3 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.
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