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Hibbett Sports, Inc. (HIBB): Trading Secrets for Today’s Investors

Hibbett Sports, Inc. (NASDAQ:HIBB) fell by -5.47% in Thursday’s trading session from $14.07 to $13.30 The stock price went upward in 6 of the last 10 days and has generated 11.76% during the last two weeks. There was a decrease in both volume and price. This is usually interpreted as a good sign as traders widely believe falling stock should see declining volume. Traded activity experienced a fall of -883 679 shares and in total 703 282 shares was the trading volume and the dollar amount of trading equals $9.35 million.

Inside HIBB’s Recent Trend

Hibbett Sports, Inc. (HIBB) lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break down through the support point at $13.88 will initially suggest a lower tendency for declines in the price and this might very well be an early sign that a trend shift is coming. Short-term traders are anticipated to see a retreat of -46.18% over the course of a quarter and, with 90% chance the price will be floating in the range of $3.29 and $7.47 in this timeframe.

Hibbett Sports, Inc. Technical Signals



HIBB has witnessed its long term and short term MA triggering a buy signal but chances are low for long-term averages to cross above short-term averages which the market considers a major buy signal. Upon corrections, the price will meet support from the averages between $13.01 and $13.12. A break down through these support points will trigger sell signals. Some other technical concerns emerged as well, putting in risk the future growth of the stock in the next couple of days. Its pivot point high generated sell signal on Wednesday September 13, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. The downbeat movement of both volume and price during the recent session is interpreted as a good sign because traders usually believe falling stock should see declining volume.

Hibbett Sports, Inc. (NASDAQ:HIBB) Support And Resistance Levels

Hibbett Sports, Inc. (HIBB) recorded volume accumulation so there will probably be a surplus of buyers at $13.10. In case of gains, the next resistance from accumulated volume will be at $14.07, $14.15 and $14.65.




Hibbett Sports, Inc. (HIBB) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $1.20 between high and low, or 9.13%. The average volatility for the past week stood at 7.37%.

 

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