Signal Update
Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed the confirmation level which was at 89.1700, and our valid average buying price stands now at 89.2300. The previous SELL recommendation was issued on 5/20/2013, 3 days ago, when the stock price was 89.8500. Since then HSY has fallen by -0.69%.
Market Outlook
Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.