Hanesbrands is still well oriented and is going to new highs.

Regarding the fundamentals, the company published for Q1 2013 a net income of USD 51.4 million, 2.3% higher than estimates. Moreover, analysts following the security set an average target price at USD 56.3, which corresponds to a potential increase of 11% compared to current prices.

Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20-period, in daily data, and enclose the stock in a dynamic upward trend.

Given these elements, most active investors could take a buying position when the stock crosses the USD 51.5 resistance for a new bullish signal. A stop loss will be placed below the resistance, threshold that would invalidate the bullish strategy.