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SmarTrend Watching for Potential Pullback in Shares of Pvh Corp After 1.02% Gain

By James Quinn

Pvh Corp (NYSE:PVH) traded in a range yesterday that spanned from a low of $112.74 to a high of $114.51. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $113.70 on volume of 207,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Pvh Corp has traded in a range of $83.80 to $115.86 and is now at $113.75, 36% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Pvh Corp on February 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $92.18. Since that recommendation, shares of Pvh Corp have risen 22.1%. We continue to monitor PVH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders pvh corp

Ticker(s): PVH