This morning I was interested in using Barchart to screen for the S & P 500 stock that had the most frequent new highs and Hersey (HSY) was right near the top of the list with 16 new highs and a price increase of 6.79% in just the last month. The market as measured by the Value Line Index had 9 new highs and was up 5.90% for the same period.
Barchart technical indicators:
- 96% Barchart technical buy signal
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 6.79% in the last month
- Relative Strength Index is 68.13% and rising
- Trades around 57.87 with a 50 day moving average of 55.87
Summary: Although I believe the stock is fully priced Hershey (HSY) is still a buy for long term conservative investors. The stock has a 100% price stability score so its pretty predictable. With a 2.5% dividend and projected earnings increases long term investors could see a total annual return in the 5% - 6% bracket over the next 5 years.
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