Phillips-Van Heusen Crosses Above its 10-day MA (PVH)
Today, shares of Phillips-Van Heusen (NYSE:PVH) have crossed bullishly above their 10-day moving average of $98.27 on a volume of 559K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Phillips-Van Heusen share prices have moved between a 52-week high of $120.67 and a 52-week low of $64.16 and are now trading 58% above that low price at $101.23 per share. The 200-day and 50-day moving averages have moved 0.42% lower and 1.64% higher over the past week, respectively.
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 3.3%. 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