Hershey (HSY) Just Flashed Golden Cross Signal: Do You Buy?

Core Viewpoint - Hershey (HSY) is showing potential as a stock pick from a technical perspective after surpassing resistance at the 20-day moving average, indicating a short-term bullish trend [1]. Technical Analysis - The 20-day simple moving average (SMA) is a popular trading tool that reflects a stock's price over a 20-day period, smoothing out short-term price trends and providing trend reversal signals [2]. - A stock price above the 20-day moving average indicates a positive trend, while a price below it signals a downward trend [3]. Recent Performance - HSY has moved 8.8% higher over the last four weeks, suggesting it may be on the verge of another rally [5]. - The company currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [5]. Earnings Estimates - Positive earnings estimate revisions support the bullish case for HSY, with no earnings estimates lowered in the past two months and 9 raised estimates for the current fiscal year [5]. - The consensus earnings estimate has also increased, further solidifying the positive outlook for HSY [6].