Hershey Shows Rising Relative Strength; Still Shy Of Key Benchmark

Hershey (HSY) saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 68 to 71.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

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History reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Hershey can continue to show renewed price strength and clear that threshold.

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Hershey has moved more than 5% past a 155.59 entry in a first-stage flat base, meaning it’s now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.

In terms of fundamentals, Hershey has posted rising EPS growth in each of the last three reports. Revenue growth has also increased during the same period. Hershey is expected to release its next quarterly numbers on or around Jul. 23.

The company holds the No. 2 rank among its peers in the Food-Confectionery industry group. Hershey (HSY) and Mondelez Intl Inc (MDLZ) are also among the group’s highest-rated stocks.


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