"Note that the stock pulled right back — predictably — to its 200-day moving average, has rallied off of it, and the 50-day moving average has started to cross back above the 200-day moving average," Johnson said.
"[It] looks like, to us, we could see perhaps a move back to the high teens, which could give you about 30% upside," Johnson said. "So, it doesn't look like this is one for the stuffing quite yet. This looks like one that we should be buying at this point in time. Put a little bit more on the plate — and a little more gravy."
"This is one that we covered when we looked at the most shorted stocks by hedge fund players," she said in the same "Trading Nation" interview. That venture has helped Hanesbrands rake in "a tidy profit of over $750 million," Sanchez said, acknowledging that "going forward, they're expecting that PPE business to fall" to around $150 million.
TradingNation $HBI is on my wish list, it could be a good performer during the holidays. Whenever you see quality stable names like $TMO $REGN declining 5 percent, it should be an opportunity to buy or add to positions.
Yes! Pump it up! Economy is in a best place ever - on the middle of pandemic and Recession/Depression.
Stress abt the election outcome & whether another round of gov't.-issued checks is coming has resulted in 30% more crapping in one's undies, leading to replacement buys.. - Hanesbrands appears to be a Nov. worst-performing stock that may have 30% upside
Wheres the story