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Hanesbrands Inc Bullish Moving Average Crossover Alert (HBI)

By James Quinn

Today, shares of Hanesbrands Inc (NYSE:HBI) have crossed bullishly above their 10-day moving average of $14.79 on a volume of 825K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Hanesbrands Inc share prices have moved between a 52-week high of $19.38 and a 52-week low of $11.57 and are now trading 29% above that low price at $14.89 per share. The 200-day and 50-day moving averages have moved 0.24% higher and 0.54% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Hanesbrands Inc and will alert subscribers who have HBI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses hanesbrands inc

Ticker(s): HBI