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Watch for Continued Losses in Shares of Pvh Corp (PVH)

By Amy Schwartz

Pvh Corp (NYSE:PVH) traded today at a new 52-week low of $70.33. So far today approximately 334,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

PVH Corp. designs, sources, manufactures, and markets men's, women's, and children's apparel and footwear. The Company markets its products at a wholesale level through department store chains and directly to consumers through retail stores. PVH offers attire that includes dress shirts, sportswear, neckwear, and footwear.

In the past 52 weeks, shares of Pvh Corp have traded between the current low of $70.33 and a high of $157.20 and are now at $70.33. The 200-day and 50-day moving averages have moved 0.66% lower and 0.81% lower over the past week, respectively.

Pvh Corp (NYSE:PVH) has potential upside of 141.7% based on a current price of $70.33 and analysts' consensus price target of $170.00. The stock should find initial resistance at its 50-day moving average (MA) of $87.83 and further resistance at its 200-day MA of $106.07.

SmarTrend recommended that its subscribers protect gains by selling shares of Pvh Corp on May 9th, 2019 by issuing a Downtrend alert when the shares were trading at $119.96. Since that call, shares of Pvh Corp have fallen 37.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows pvh corp

Ticker(s): PVH