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 Investopedia.com. Although the stock markets are looking weak, especially after today, HIBB looks bullish and could be resuming it's uptrend here.
Good Trading,
Joey
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment