After Yesterday's Rally of 1.40% Shares Could Potentially Pullback
Phillips-Van Heusen (NYSE:PVH) traded in a range yesterday that spanned from a low of $84.43 to a high of $88.05. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $86.30 on volume of 606,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend recommended that its subscribers protect gains by selling shares of Phillips-Van Heusen on April 12th, 2016 by issuing a Downtrend alert when the shares were trading at $92.57. Since that call, shares of Phillips-Van Heusen have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Over the past year, Phillips-Van Heusen has traded in a range of $64.16 to $120.67 and is now at $86.95, 36% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.6%.
Keywords: rebounders Phillips-Van Heusen