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

By Nick Russo

Today, shares of VF Corp (NYSE:VFC) have crossed bearishly below their 10-day moving average of $54.21 on a volume of 2.3 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

VF Corp share prices have moved between a 52-week high of $77.40 and a 52-week low of $48.05 and are now trading 12% above that low price at $53.98 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.4%.

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 8.9%. 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