We recently noted a bullish breakout in Hasbro and was stalking its pullback. We anticipated support around $88.50-$90 area, but price was supported above $92.50. Then, price action during the 7/23 Monday session confirmed our bullish outlook. HAS Daily Chart (click to enlarge) Earnings report and sector outlook could be attributed to the recovery in HAS. Here's an excerpt from TheStreet.com: Hasbro said sales for the three months ending in June fell 7% from the same period last year to $904.5 billion, a figure that was well ahead of the Street's forecast of $833 million. Earnings for the three month period were also sharply lower from last year, the company said, but still came in at $60.3 million, or 48 cents a share, again well ahead of the consensus forecast of 29 cents a share. "2018 is unfolding as expected as our teams manage the liquidation of Toys R Us in many markets and address the rapidly evolving European retail landscape," said CEO Brian Goldner. "We are investing in our business - in innovation, entertainment and a modern global commercial organization, to drive profitable growth in 2019 and beyond. $100 Could be an Anchor:- After today's sharp jump, HAS might be anchoring above $100.- In fact, I think the $97-$100 area will be a critical support for the bullish continuation scenario.- Right now, the market looks bullish, but the RSI reflects overbought condition, so it might be prudent to stalk a pullback towards the $97-$100 area to see if bulls are really in control.- Also, a position entered here would have better reward to risk because a break below $92 would incur 6%-7% loss, but a rally back to $116 would offer 16% or better.