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Possible Bearish Inside Day Candle Pattern Detected for Vf Corp (NYSE:VFC)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Vf Corp (NYSE:VFC) based on the price action in the company's shares. Today's price range of $90.19 and $90.79 is within yesterday'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 Vf Corp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Vf Corp (NYSE:VFC) is currently priced 8.3% above its average consensus analyst price target of $83.28. Vf Corp shares have support at the 50-day moving average (MA) of $84.55 and additional support at the 200-day MA of $84.29.

In the past 52 weeks, shares of Vf Corp have traded between a low of $67.18 and a high of $96.20 and are now at $90.79, which is 35% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

VF Corporation is an international apparel company. The Company owns a broad portfolio of brands in the jeanswear, outerwear, packs, footwear, sportswear, and occupational apparel categories. VF products are marketed to consumers shopping in specialty stores, upscale, traditional department stores, national chains, and mass merchants.

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

Keywords: bearish inside day candle vf corp

Ticker(s): VFC