Hershey Company ($HSY) has seen a notable recovery in its stock price, rising from a low of $138 to $172, following a steep decline attributed to a warning from Mondelez International ($MDLZ). The company has also entered a technical bull market, with its stock increasing more than 20% over the last 12 trading days. Between 1993 and 2021, Hershey repurchased 41% of its outstanding shares and increased dividends per share by approximately 800%, which may contribute to investor confidence despite fluctuations in cocoa prices. The current market sentiment is further bolstered by a trading strategy favoring chocolate manufacturers over cocoa, as indicated by recent trading trends.