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Shares of Vf Corp Has Risen Above Previous 52-Week High

By Amy Schwartz

Shares of Vf Corp (NYSE:VFC) traded at a new 52-week high today of $85.60. This new high was reached on below average trading volume as 336,000 shares traded hands, while the average 30-day volume is approximately 1.9 million shares.

Vf Corp (NYSE:VFC) defies analysts with a current price ($85.16) 2.2% above its average consensus price target of $83.28. The stock should discover initial support at its 50-day moving average (MA) of $81.37 and subsequent support at its 200-day MA of $75.68.

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.

In the past 52 weeks, Vf Corp share prices have been bracketed by a low of $55.51 and a high of $85.60 and are now at $85.16, 53% above that low price. The 200-day and 50-day moving averages have moved 0.56% higher and 0.26% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Vf Corp on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.58. Since that recommendation, shares of Vf Corp have risen 6.5%. We continue to monitor VFC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows vf corp

Ticker(s): VFC