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SmarTrend Watching for Potential Pullback in Shares of Pvh Corp After 1.07% Gain

By James Quinn

Pvh Corp (NYSE:PVH) traded in a range yesterday that spanned from a low of $126.54 to a high of $128.75. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $127.92 on volume of 496,000 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 Pvh Corp have traded between a low of $83.80 and a high of $130.25 and are now at $128.12, which is 53% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.6%.

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 37.3%. 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