Even though the overall trend is bullish on the retailer, enough hints are coming out to consider a downside trade, as earnings were solid but less impressive than past ones.
A little pullback now would be ideal for the upside as we move through the seasonally strongest part of the year.
Let's get a glass with ice and check out the charts.
My 8 bullet points show there are very few things that have changed in the past 6 months.
I believe there is only one suitable way to use this ETN.
Shares of Hersha are down 21% for the year.
Meanwhile, the mighty Apple continues to provide steady support.
I don't want to be short this name long-term, and I certainly don't want to be short the name going into the holiday season.
Let's find a trainer versed in technical analysis as we check out the charts.
Hanesbrands offers a high dividend yield of nearly 4% and appears on a path to expand following a series of big acquisitions and disappointing performance.