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Hibbett Sports I Crosses Below its 10-day MA (HIBB)

By David Diaz

Today, shares of Hibbett Sports I (NASDAQ:HIBB) have crossed bearishly below their 10-day moving average of $27.85 on a volume of 1.9 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Hibbett Sports I share prices have moved between a 52-week high of $45.85 and a 52-week low of $9.40 and are now trading 164% above that low price at $24.79 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 1.8%.

SmarTrend recommended that subscribers consider buying shares of Hibbett Sports I on April 4th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.85. Since that recommendation, shares of Hibbett Sports I have risen 12.0%. 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 i

Ticker(s): HIBB