Mark Elwa
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Mark Elwa in Gainers & Losers,

Hasbro's quarterly profit rises 15%

Today toymaker Hasbro published financial results for third quater. The company reported a 15% rise in quarterly profit as toys based on "Star Wars" and "Jurassic World" movie series boosted sales of its toys targeted at boys.

Net income attributable to the company rose to $207.6 million, or $1.64 per share, in the third quarter ended Sept. 27 from $180.5 million, or $1.40 per share, a year earlier. Adj EPS was $1.58 while analyst expected $1.53.

On a daily chart stocks are forming a symmetrical triangle. I think the stocks are overbought right now, so the price can move to the bottom line of figure.

What do you think about it?