The Traderszone Network

Published in TZ Latest News 16 June, 2016 by The TZ Newswire Staff

Top Stock Hasbro Holds Near Buy Point Despite Market Turmoil

Toy maker Hasbro has shrugged off recent market turmoil, holding tight near all-time highs as it shapes a new base.

The stock is getting support at its 50-day moving average, just 3% off its high, as it works on a base-on-base pattern with a buy point at 88.63.

Hasbro (HAS) has posted three straight quarters of accelerating profit growth, including a better-than-expected 81% jump in the latest quarter to 38 cents a share.

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