Hasbro - All Time High

The Chart of the Day belongs to Hasbro (NASDAQ:HAS). I found the games and toys stock by sorting today's All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 3/30 the stock gained 25.20%.

Hasbro Inc. is a worldwide leader in children's and family leisure time and entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Both internationally and in the U.S., its PLAYSKOOL, KENNER, TONKA, ODDZON, SUPER SOAKER, MILTON BRADLEY, PARKER BROTHERS, TIGER, HASBRO INTERACTIVE, MICROPROSE, GALOOB and WIZARDS OF THE COAST brands and products provide what the company believes to be the highest quality and most recognizable play experiences in the world.

 

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 7.46% in the last year
  • Relative Strength Index 81.64%
  • Barchart computes a technical support level at 77.37
  • Recently traded at 78.34 with a 50 day moving average of 72.13

Fundamental factors:

  • Market Cap $9.54 billion
  • P/E 22.58
  • Dividend yield 2.40%
  • Revenue expected to grow 1.20% this year and another 8.50% next year
  • Earnings estimated to increase 5.10% this year, an additional 19.90% next year and continue to compound at an annual rate of 11.60% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 3 buy and 5 hold recommendations for the stock

It has been difficult to use technical trading strategies to trade this stock. I'd advice you use a trailing stop loss 10% off the most recent high t protect profits.

Disclosure: None.

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