Hibbett Sports Falling Today on Above-Average Volume (HIBB)

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[August 17, 2012]

Hibbett Sports Falling Today on Above-Average Volume (HIBB)

Aug 17, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Hibbett Sports are trading today in above average volume, with the share price falling 4.5% to $58.99. Today's volume of 1.1 million shares tops the average 30-day volume of 214,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Hibbett Sports on June 18th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.59. Since that recommendation, shares of Hibbett Sports have risen 7.3%. We continue to monitor HIBB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Hibbett Sports have traded between a low of $29.83 and a high of $63.39 and are now at $57.42, which is 92% above that low price. The 200-day and 50-day moving averages have moved 0.75% higher and 0.81% higher over the past week, respectively.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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