Upgrade Alert for Hibbett Sports (HIBB)

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[December 18, 2012]

Upgrade Alert for Hibbett Sports (HIBB)

Dec 18, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Hibbett Sports (NASDAQ:HIBB) was upgraded from Hold to Buy at Feltl today. The stock closed yesterday at $53.33 on volume of 610,000 shares, above average daily volume of 323,000. Hibbett Sports Inc. operates a chain of sporting goods stores in the southeastern United States. The stores sell athletic footwear, apparel, and equipment.

Hibbett Sports (NASDAQ:HIBB) has potential upside of 15.2% based on a current price of $53.33 and analysts' consensus price target of $61.46. The stock should run into initial resistance at its 50-day moving average (MA) of $54.88 and subsequent resistance at its 200-day MA of $56.75.

In the past 52 weeks, shares of Hibbett Sports have traded between a low of $29.83 and a high of $63.39 and closed yesterday at $53.33, which is 79% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.4%.

SmarTrend is tracking the current trend status for Hibbett Sports and will alert subscribers who have HIBB in their portfolio or watchlist when shares have changed trend direction.

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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