On Wednesday, before market, Hasbro (HAS) is anticipated to release 1Q EPS of $0.64 compared to $0.21 the prior year on revenue of approximately $1.1B vs. $732.5M last year. The company manufacturers toys and games, and on April 25th, Hasbro announced plans to produce 50,000 face shields per week for front-line health care workers.
From a technical point of view, Hasbro's stock price has retraced over half of what it lost since its 2020 peak at $109.50 on February 11th. Price recently found resistance at its 50 day moving average where it held until price found support on the 20 day moving average. The 20 day moving average crossed above the 50 day moving average, which is a bullish signal. Price managed to hold above the moving average cross before it continued on its bullish trend. If price can hold above the rising trend line we should expect a return to $88.57 and a possible retest of 99.12 near its 200 day moving average.
Source: GAIN Capital, TradingView
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