You've got my attention @rg7803 ! I've been playing what I took to be a consolidation range before the next leg up. Very interested to learn an alternative perspective!
@Three Eyes Can be both ways. In fact depends greatly on the "term" youre trading. In short term I dont like what I see, stock seems weak, lot of selling pressure with good volume. I acept 90$ area is practically "no risk zone" for a safe bet. If I would pretend to go long this would be the place to get in. However seems to me that support will break soon. Good luck.
The firm operates a relatively differentiated business model, thanks to its digital properties exposure, content creation ability, and key licensing arrangements. Business relationships with firms like Backflip Studios and Activision have expanded Hasbro's presence in the digital arena, but also important is Discovery Family, a joint venture with Discovery that brings Hasbro Studios productions to television and helps Hasbro's brands connect with a wide audience. ("Hasbro (HAS) earnings preview: is the Toys 'R' Us hangover over?")
Should be some decent support on this one here with both of the big MA's just under the trading price. Looking to be a bullish crossover of the MA's as well fairly soon. Not quite sure of the upside though, so I'll stay away as I like to have a more clearly defined target FOR MY TRADES.
