HAS pops to highest close since March 15th
Hasbro Inc. (HAS) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team
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.
Daily Candlestick Chart (HAS as at Apr 16, 2018):
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.