Hanesbrands Inc.Long
HBI 4 for 1 stock split
HBI recently underwent a 4 for 1 stock split which now makes it a very reasonably priced stock to consider trading.
In the past HBI has been a little erratic (with deeper than preferred pullbacks) making it difficult to trade. But overall it has trended well, as can be seen by the unbroken weekly trend, since breaking the 2008 high in early 2013.
On the daily chart the trend has not been so linear - gaps and spikes (especially around earnings announcements) have added to it's unpredictability. From October 2014 to February 2015 price also appeared to be in consolidation (which would have been around the $100 mark before the split).
Since breaking the recent pivot (in mid-February) a new daily uptrend has developed and the trend has been very linear. It's early days yet and I will want to wait at least a few more weeks to see how it develops. If you like to get into trends early, however, this could be a good opportunity.
In the past HBI has been a little erratic (with deeper than preferred pullbacks) making it difficult to trade. But overall it has trended well, as can be seen by the unbroken weekly trend, since breaking the 2008 high in early 2013.
On the daily chart the trend has not been so linear - gaps and spikes (especially around earnings announcements) have added to it's unpredictability. From October 2014 to February 2015 price also appeared to be in consolidation (which would have been around the $100 mark before the split).
Since breaking the recent pivot (in mid-February) a new daily uptrend has developed and the trend has been very linear. It's early days yet and I will want to wait at least a few more weeks to see how it develops. If you like to get into trends early, however, this could be a good opportunity.
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