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Possible Bearish Inside Day Candle Pattern Detected for Pvh Corp (NYSE:PVH)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Pvh Corp (NYSE:PVH) based on the price action in the company's shares. Yesterday's price range of $112.51 and $113.05 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Pvh Corp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

PVH Corp. designs, sources, manufactures, and markets men's, women's, and children's apparel and footwear. The Company markets its products at a wholesale level through department store chains and directly to consumers through retail stores. PVH offers attire that includes dress shirts, sportswear, neckwear, and footwear.

Over the past year, Pvh Corp has traded in a range of $86.46 to $169.22 and closed yesterday at $112.72, 30% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.5%.

Pvh Corp (NYSE:PVH) has potential upside of 50.8% based on a current price of $112.72 and analysts' consensus price target of $170.00. The stock should find resistance at its 200-day moving average (MA) of $128.91, as well as support at its 50-day MA of $108.93.

SmarTrend is monitoring the recent change of momentum in Pvh Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pvh Corp in search of a potential trend change.

Keywords: bearish am inside day candle pvh corp

Ticker(s): PVH