HAS rockets 2.18% on high volume
Hasbro Inc. (HAS) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, HAS ended the week 4.54% higher at 105.59 after surging $2.25 (2.18%) today on high volume. This is the biggest single day gain in over a month. Today's closing price of 105.59 marks the highest close since July 23rd. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 103.80, Hasbro Inc. confirms its breakout through the prior session's high having traded $2.13 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (HAS as at Sep 14, 2018):
Friday's trading range was $1.77 (1.7%), that's above last trading month's daily average range of $1.51. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 107.58, upside momentum could accelerate should the stock be able to break out to new highs for the year.