• Return to Headlines

After Yesterday's Rally of 1.09% Shares Could Potentially Pullback

By Nick Russo

VF Corp (NYSE:VFC) traded in a range yesterday that spanned from a low of $53.53 to a high of $54.88. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $54.26 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $54.80, 14% above that low price. 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 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 4.8%. We continue to monitor VFC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders vf corp

Ticker(s): VFC