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Bearish Moving Average Cross by Vf Corp (VFC)

By Nick Russo

Today, shares of Vf Corp (NYSE:VFC) have fallen below their 10-day MA of $63.16 on a volume of 137K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Vf Corp share prices have been bracketed by a low of $48.05 and a high of $65.28 and are now at $62.98, 31% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Vf Corp on June 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.04. Since that recommendation, shares of Vf Corp have risen 13.2%. We continue to monitor VFC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses vf corp

Ticker(s): VFC