Hershey Co reported its quarterly earnings beating expectations, the company reported earnings of $2.17 a share on revenue of $2.73 billion.

Hershey Co reported its quarterly earnings beating expectations, the company reported earnings of $2.17 a share on revenue of $2.73 billion. From a technical perspective, the stock is currently trading at $232.06 a share. Towards the downside, support sits at $229.02 then at $223.04 then a major support level at $217.70. A break below the major support could see the share price slide below the green trendline towards the $200 share price level. Towards the upside, resistance sits at $234.79 then at $240.46 then a major resistance level at $241.48. A break above the major resistance will see the stock reach its all-time high. Looking at the technical indicators, MACD is currently neutral but RSI is positive as it reads 58.