• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Vf Corp (NYSE:VFC)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Vf Corp (NYSE:VFC) based on the price action in the company's shares. Yesterday's price range of $95.19 and $95.49 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Vf Corp may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Based on a current price of $95.93, Vf Corp is currently 13.2% above its average consensus analyst price target of $83.28. The stock should discover initial support at its 50-day moving average (MA) of $91.29 and subsequent support at its 200-day MA of $88.49.

In the past 52 weeks, Vf Corp share prices have been bracketed by a low of $70.27 and a high of $100.23 and closed yesterday at $95.93, 37% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

VF Corporation is an international apparel company. The Company owns a broad portfolio of brands in the jeanswear, outerwear, packs, footwear, sportswear, and occupational apparel categories. VF products are marketed to consumers shopping in specialty stores, upscale, traditional department stores, national chains, and mass merchants.

SmarTrend recommended that subscribers consider buying shares of Vf Corp on November 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.29. Since that recommendation, shares of Vf Corp have risen 8.9%. We continue to monitor VFC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bullish am inside day candle vf corp

Ticker(s): VFC