Charting 101, Lesson 1. When a stock makes an eight-month top formation, breaks the "neckline" at $70, breaks below the support at $70 and then breaks below the 200-day moving average, you now have to sell. The baseball season is over, but consider this three strikes! Hasbro (HAS) has struck out and the bears are in control.
In addition to the break down discussed above, the chart of HAS (above) also shows a declining On-Balance-Volume (OBV) line and a weak Moving Average Convergence Divergence (MACD) oscillator below the zero line. This indicates that HAS is in a downtrend.
This longer-term chart of HAS, above, shows prices now below the still rising 40-week moving average. The OBV line is pointed down and the biggest indicator sell signal is from the MACD oscillator, which is heading quickly toward zero. HAS could always have an oversold bounce, but it looks like it is headed down into the $60 to $50 support area. Has Santa been shopping somewhere else?