DiegoDC6

HanesBrands Bounce Back?

Long
NYSE:HBI   Hanesbrands Inc.
Recently, HanesBrands dropped due to some lower than expected earnings.
However, it looks like there are signs of a bounce back.
The RSI indicated that it was oversold
And the MACD is about to cross over
It's looking like a very nice reversal setup

Target Price:15.50 by December 5th

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.