Hanesbrands Stock Hits 52-Week High: Is it Time to Buy, Hold or Sell?

Shares of Hanesbrands (HBI) hit a new 52-week high of $7.03 yesterday before dropping to close at$6.85. Over the past three months, Hanesbrands shares have surged an impressive 47%, against the industry's decline of 3.1%. The broader S&P 500 has risen 2.7% in the said time frame. This surge is attributed to Hanesbrands' resilience amid macroeconomic challenges. Image Source: Zacks Investment Research Technical indicators are also supportive of Hanesbrands' strong performance. The stock is trading above bot ...