Stock Chart Analysis HIBB

Posted by downtowntrader | 4/30/2007 09:52:00 PM | 0 comments »

Stock Chart Analysis HIBB

Hibbett Sports, Inc. (Public, NASDAQ:HIBB)

HIBB has been pulling back from recent 52 week highs making lower highs and lows. Overall the pattern looks like a deep cup and handle on the yearly chart (not shown). It looks like it is in the process of making a partial retrace which is a concept I recently highlighted in an article written for Although the stock markets are looking weak, especially after today, HIBB looks bullish and could be resuming it's uptrend here.

Good Trading,