Shares of The Hershey Co (HSY) are rallying higher today as the technology sector sees major profit taking. The chart now signals a Hershey breakout alert. This makes perfect sense as money rushes out of insanely overbought technology stocks and into safety trades. In addition, Hershey has been consolidating in a bull flag pattern for the last four months. The breakout is clear today with a move above the key trend-line shown in the stock chart below. Hersey has upside to the $160.00+ level.
This Hershey breakout alert is a logical choice with the money rotation that is happening. Add in this beautiful chart setup and it creates a great risk/reward setup for upside while the technology sectors see a draw down.
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