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Bearish Moving Average Cross by Hibbett Sports (HIBB)

By Shiri Gupta

Hibbett Sports (NASDAQ:HIBB) crossed under its 10-day moving average of $37.29 on a volume of 575K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Hibbett Sports share prices have been bracketed by a low of $27.58 and a high of $55.74 and are now at $37.12, 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.6%.

SmarTrend recommended that subscribers consider buying shares of Hibbett Sports on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.31. Since that recommendation, shares of Hibbett Sports have risen 7.5%. We continue to monitor HIBB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses hibbett sports

Ticker(s): HIBB