Didn't drop today, huge short interest. Looks like a lot of covering, can't imagine anyone would want to go long on a dying business.
DKS reports tomorrow morning, we'll see what happens there. Retail will be watching Dicks in the morning, lol.
The sharp downtrend for HIBB cannot continue much longer. The current trend would hint at bankruptcy within 3 years, which is certainly not the case. My thinking is that the trend is about over and that we will start to see consolidation in the 12-26 range for a short time. That consolidation will move HIBB out of the downtrending channel and prepare it for a move...
HIBB is running sharp upward in the short term & in the long run it is going up from its lower support of the long term downward channel formation. We think it has very good upsdie potential from here.
* Trade Criteria *
Date First Found- January 11, 2018
Pattern/Why- Long term downward channel
Entry Target Criteria- Current price ($24.75)
Exit Target...
HIBB seems forming a nice fallen angel pattern. It formed a nice base & it has very strong moneyflow divergence. We think it can easily fill the gap up & run to $18 area.
* Trade Criteria *
Date First Found- November 17, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- Break of $15.20
Exit Target Criteria- $17.93
Stop Loss Criteria- $13.33...
