Phillips-Van Heusen Bearish Moving Average Crossover Alert (PVH)
Phillips-Van Heusen (NYSE:PVH) crossed under its 10-day moving average of $108.38 on a volume of 206K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Phillips-Van Heusen share prices have been bracketed by a low of $64.16 and a high of $120.67 and are now at $107.76, 68% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.6%.
SmarTrend recommended that subscribers consider buying shares of Phillips-Van Heusen on July 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.02. Since that recommendation, shares of Phillips-Van Heusen have risen 14.5%. We continue to monitor PVH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Phillips-Van Heusen