Hanes Brands closeout
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