SmarTrend Vindicated on Hibbett Sports Uptrend Call: Stock Price Up 21.9% (HIBB)

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(via COMTEX News Network)--

SmarTrend identified an Uptrend for Hibbett Sports HIBB on March 11, 2011 at $33.62. In approximately 4 months, Hibbett Sports has returned 21.9% as of today's recent price of $40.98.

In the past 52 weeks, shares of Hibbett Sports have traded between a low of $22.09 and a high of $43.00 and are now at $40.98, which is 86% above that low price.

Hibbett Sports is currently above its 50-day moving average of $39.51 and above its 200-day moving average of $34.30. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has climbed 0.69% while the 200-day MA has risen 0.69%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Hibbett Sports shares.

Write to Chip Brian at cbrian@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

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