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VF Corp Crosses Above its 10-day MA (VFC)

By Shiri Gupta

VF Corp (NYSE:VFC) crossed over its 10-day moving average of $54.66 on a volume of 536K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, VF Corp share prices have been bracketed by a low of $48.05 and a high of $77.40 and are now at $55.16, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of VF Corp on February 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.61. Since that recommendation, shares of VF Corp have risen 5.0%. We continue to monitor VFC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses vf corp

Ticker(s): VFC