Hasbro ( HAS-Q , Monday’s close US$79.36) declined from US$105.73 in January 2022 to US$45.75 in March 2023 (A-B) while trading below a falling trendline (dotted line) and below its falling 40-week Moving Average (40wMA). The stock reversed the trend in mid-2023 when it rallied above these indicators (C) and then started a base-building phase consisting of a horizontal trading range mostly between US$49 and US$73 (dashed lines). The recent advance above the top of this range signaled a breakout and the start of a new uptrend (D).

Behaviour indicators including the rising 40wMA confirm the bullish status. Hasbro is somewhat overbought and may experience a minor correction toward US$71-72, which would provide a better entry level. Only a sustained decline below US$69-70 would be negative.

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