Trend Tracker for Hibbett Inc HIBB

July 22, 2021, 10:15 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The data for Hibbett Inc (NASDAQ: HIBB) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HIBB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if HIBB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for HIBB too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for HIBB

• Buy HIBB slightly over 87.39 target 97.16 stop loss @ 87.14 Details

The technical summary data tells us to buy HIBB near 87.39 with an upside target of 97.16. This data also tells us to set a stop loss @ 87.14 to protect against excessive loss in case the stock begins to move against the trade. 87.39 is the first level of support below 91.69 , and by rule, any test of support is a buy signal. In this case, support 87.39 is being tested, a buy signal would exist.

• Short HIBB under 97.16, target 87.39, stop loss @ 97.44 Details

The technical summary data is suggesting a short of HIBB as it gets near 97.16 with a downside target of 87.39. We should have a stop loss in place at 97.44though. 97.16 is the first level of resistance above 91.69, and by rule, any test of resistance is a short signal. In this case, if resistance 97.16 is being tested, a short signal would exist.

Swing Trading Plans for HIBB

• Buy HIBB slightly over 93.69, target 97.16, Stop Loss @ 93.42 Details

If 93.69 begins to break higher, the technical summary data tells us to buy HIBB just slightly over 93.69, with an upside target of 97.16. The data also tells us to set a stop loss @ 93.42 in case the stock turns against the trade. 93.69 is the first level of resistance above 91.69, and by rule, any break above resistance is a buy signal. In this case, 93.69, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HIBB near 93.69, target 87.39, Stop Loss @ 93.96. Details

The technical summary data is suggesting a short of HIBB if it tests 93.69 with a downside target of 87.39. We should have a stop loss in place at 93.96 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 93.69, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for HIBB

• Buy HIBB slightly over 93.69, target 95.11, Stop Loss @ 93.47 Details

If 93.69 begins to break higher, the technical summary data tells us to buy HIBB just slightly over 93.69, with an upside target of 95.11. The data also tells us to set a stop loss @ 93.47 in case the stock turns against the trade. 93.69 is the first level of resistance above 91.69, and by rule, any break above resistance is a buy signal. In this case, 93.69, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HIBB near 93.69, target 89.39, Stop Loss @ 93.91. Details

The technical summary data is suggesting a short of HIBB if it tests 93.69 with a downside target of 89.39. We should have a stop loss in place at 93.91 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 93.69, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

HIBB Ratings for July 22:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	78.17
P2	89.39	86.41	87.39
P3	95.11	93.69	97.16

Support and Resistance Plot Chart for HIBB

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