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Hanesbrands Inc Bearish Moving Average Crossover Alert (HBI)

By Amy Schwartz

Hanesbrands Inc (NYSE:HBI) shares have crossed bearishly below their 10-day moving average of $15.67 on a volume of 1.4 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.

Over the past year, Hanesbrands Inc has traded in a range of $11.57 to $19.38 and is now at $14.31, 24% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.2%.

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