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

By Shiri Gupta

Today, shares of Vf Corp (NYSE:VFC) have crossed bearishly below their 10-day moving average of $62.74 on a volume of 778K shares. Swing traders may find an opportunity 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 $65.28 and a 52-week low of $48.05 and are now trading 30% above that low price at $62.30 per share. Over the last five market days, 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 June 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.04. Since that recommendation, shares of Vf Corp have risen 12.6%. 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