HAS pops to highest close since March 15th
Moving higher for the 2nd day in a row, HAS ended Monday at 88.04 edging higher $0.28 (0.32%). Today's closing price of 88.04 marks the highest close since March 15th. Closing above Friday's high at 87.92, the share confirms its breakout through the previous session's high having traded $0.76 above it intraday.
Monday's trading range was $0.79 (0.89%), that's far below last trading month's daily average range of $1.52. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being way below average.
After trading as low as 87.89 during the day, Hasbro Inc. bounced off the key support level at 87.92. The failure to close below the support could increase that levels importance as support going forward.
Though the market is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.
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|Bounced off Technical Support S1||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|2 Consecutive Higher Closes||TQ Pro Members Only|
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