Hanesbrands Crosses Below its 10-day MA (HBI)
Hanesbrands (NYSE:HBI) crossed under its 10-day moving average of $26.11 on a volume of 2.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Hanesbrands have traded between a low of $23.25 and a high of $34.78 and are now at $25.46, which is 10% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.
SmarTrend is monitoring the recent change of momentum in Hanesbrands. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hanesbrands in search of a potential trend change.
Keywords: moving crosses hanesbrands