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

By James Quinn

VF Corp (NYSE:VFC) traded today at a new 52-week high of $65.60. This new high was reached on below average trading volume as 259,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

VF Corp has overhead space with shares priced $65.46, or 4.9% below the average consensus analyst price target of $68.80. VF Corp shares have support at the 50-day moving average (MA) of $62.52 and additional support at the 200-day MA of $60.87.

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 Corp's products are marketed to consumers shopping in specialty stores, upscale and traditional department stores, national chains and mass merchants.

In the past 52 weeks, shares of VF Corp have traded between a low of $47.06 and a high of $65.60 and are now at $65.46, which is 39% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.14% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of VF Corp on May 12th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.40. Since that recommendation, shares of VF Corp have risen 3.4%. 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