Could be heading up soon! If it heads up, I'd look for resistance at the 200EMA.
HBI breaking out of resistance and closing above its 200 day moving average on nice volume.
Similar patterns after filling a significant gap. No explanation, just observation. Hanesbrands is a buy at $20 if price wants to meander down there and hold.
Another update for last week's pre-earnings trades: HBI Puts for the pre-earnings ramp down.
With a loss of around 8% on the year because of quarterly losses, hanes will only bounce back with its competitors in the industry who are at a stall price, such as RL, PIV, LRCX and ect..
AN INTRADAY (4 HOUR TIME FRAME) HIGH POTENTIAL, BACK TESTED SORT ANALYSIS. 1) STOCHASTIC OSCILLATOR OVERBOUGHT CROSSING FOR SORT MOVEMENT. 2) TWO TOPS DIVERGED TO CCI OSCILLATOR FOR BEARISH MOVEMENT 3) EMA 17 BEARISH CROSSING NOTE : ENTRY RANGE AREA BELOW THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES NOTE :...
took a small position in hbi as like to get in early if i can, Share prices have almost halved since the 4 for 1 split and i think some dividend investors could find interest at this level expecting 50% gains if goes well. will be looking to add after break of the downtrend. will update
a very nice descending wedge . RSI looking bullish as we get closer to making a decision on direction. Very likely we see more strength in HBI even if market has a bit of a pullback after this large financial run. Something to keep an eye on. What do you think?
HBI recently underwent a 4 for 1 stock split which now makes it a very reasonably priced stock to consider trading. In the past HBI has been a little erratic (with deeper than preferred pullbacks) making it difficult to trade. But overall it has trended well, as can be seen by the unbroken weekly trend, since breaking the 2008 high in early 2013. On the daily...