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JimVanMeerten (62.38)

Hanes Brands closeout

Recs

2

June 28, 2010 – Comments (0) | RELATED TICKERS: HBI

Hanes Brands - HBI is being sold from the Speculative portfolio for failure to maintain its price momentum. Here are my sell points:

1 - 72% Barchart technical sell signal

2 - Barchart Trend Spotter (tm) sell signal

3 - Trading below its 20, 50 & 100 Daily Moving Average

4 -  5 straight down down days Cutting my loss to 7.99%

Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: No positions in the stock mentioned at the time of publication

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