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Hanesbrands Inc Bullish Moving Average Crossover Alert (HBI)

By David Diaz

Hanesbrands Inc (NYSE:HBI) crossed over its 10-day moving average of $22.02 on a volume of 283K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Hanesbrands Inc has traded in a range of $16.38 to $25.73 and is now at $22.12, 35% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.6%.

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