Chart of the Day: This Bullpen Name Is on Our Radar Amid Shift to Staples
The stock is having a 'banner year,' but what do the technicals tell us?
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In 2026 we have noticed a shift from the formerly reliable tech and financial names to the slow, boring and value-oriented industrials and staples. A name such as Hershey (HSY) , which will certainly not be mistaken for Microsoft (MSFT) , is having a banner 2026.
With cocoa and sugar prices depressed this year Hershey has made a nice run higher, better than 20% and about 5% off its recent highs. Cocoa and sugar are inputs into making their products, the biggest expense other than wages.
We placed Hersey in Pro Portfolio Bullpen to study if a shift to staples was really happening, and it currently is.
As for the chart, Hershey has been spending a generous amount of time in the bullish camp, with higher highs and higher lows — a textbook uptrend feature. However, the indicators have suddenly shifted downward. Lower levels on the MACD, ADX, money flow and stochastics tell us this current correction is not over. Still, the 50-day moving average is really close by, and that might be the catalyst for the stock to bounce and rise up again.
Hershey is not currently in TheStreet Pro Portfolio and is not rated, but we continue to watch it closely.
Related: My Entry Strategy for Hershey After Earnings Turn Heads on Wall Street
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At the time of publication, TheStreet Pro Portfolio was long MSFT.
