January 12, 2019 - 10:30 AM EST
Hanesbrands $HBI Technical Update
Hanesbrands $HBI Technical Update

The Hanesbrands (NYSE: HBI) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for HBI, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Strong Weak Weak
P1 12.94 10.78 10.64
P2 13.60 12.67 14.66
P3 14.02 14.60 18.67

Long Term Trading Plans for HBI

January 12, 2019, 10:30 am ET

The Technical Summary and Trading Plans for HBI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this HBI Report.

HBI - (Long) Support Plan

The technical summary data tells us to buy HBI near 10.64 with an upside target of 14.66. This data also tells us to set a stop loss @ 10.38 to protect against excessive loss in case the stock begins to move against the trade. 10.64 is the first level of support below 13.7 , and by rule, any test of support is a buy signal. In this case, support 10.64 would be being tested, so a buy signal would exist.

HBI - (Short) Resistance Plan

The technical summary data is suggesting a short of HBI as it gets near 14.66 with a downside target of 10.64. We should have a stop loss in place at 14.92 though. 14.66 is the first level of resistance above 13.7, and by rule, any test of resistance is a short signal. In this case, if resistance 14.66 is being tested, so a short signal would exist.

HBI Long Term Analysis

HBI EPS Analysis

HBI Dividend Chart

HBI Revenue chart

HBI Growth rate - Quarterly

HBI Growth rate - Yearly

HBI PE chart

HBI PEG chart

Source: Stock Traders Daily (January 12, 2019 - 10:30 AM EST)