HBI Breaking Down From Bear Flag Short

Hanesbrands Inc.NYSE

Description

⋅ Feb 1, 2021 2:52 PM

HBI is breaking down from a bear flag and is trading below key short-term moving averages. Looks like a test of the 50-day is on deck. No position but will look to buy puts if markets continue to weaken

Comments

availableTuna41827

⋅ Feb 9, 2021 6:49 PM

so what do you advise after the gap up today ? thanks in advance

mroberts1204

⋅ Feb 9, 2021 6:51 PM

@availableTuna41827, I never took the trade as the markets were strong. But if I were short I'd be out