Do Traders Think Tootsie Roll Industries, Inc. (TR) Can Keep Climbing Monday?

Overall market sentiment has been high on Tootsie Roll Industries, Inc. (TR) stock lately. TR receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Tootsie Roll Industries, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TR!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With TR Stock Today?

Tootsie Roll Industries, Inc. (TR) stock is trading at $35.92 as of 12:59 PM on Monday, Dec 6, an increase of $3.17, or 9.68% from the previous closing price of $32.75. The stock has traded between $34.28 and $36.74 so far today. Volume today is above average. So far 296,192 shares have traded compared to average volume of 106,715 shares.

More About Tootsie Roll Industries, Inc.

Tootsie Roll Industries Inc manufactures and sells candy products. Notable varieties include Tootsie Roll and Tootsie Pops, Charms, Blow-Pops, Dots, Junior Mints, Sugar Daddy and Sugar Babies, Andes, Dubble Bubble, and Razzles. The company sells its products to wholesale distributors and directly to retail stores. Geographically, it generates a majority of its revenue from the United States. Click Here to get the full Stock Report for Tootsie Roll Industries, Inc. stock.