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Look for Shares of Vf Corp to Potentially Pullback after Yesterday's 1.09% Rise

By Nick Russo

Vf Corp (NYSE:VFC) traded in a range yesterday that spanned from a low of $84.48 to a high of $86.00. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $84.36 on volume of 843,000 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, shares of Vf Corp have traded between a low of $55.51 and a high of $86.00 and are now at $84.90, which is 53% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Vf Corp on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.58. Since that recommendation, shares of Vf Corp have risen 6.5%. 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