VFC trade ideas
Going Long on VFC due to the Fundamentals, Sell-off & SupportGreat support during the last sell-off. This happened due to soft earnings expectations, and outlook. Brands are good, and if Trump can get some more employment going, these brands will be good sellers for the low and middle class America. Low and Middle Class has grown, with Value Buyers all around. Yesterday these jeans were selling in one store for $10.00 (Wrangler). That is a damn good price, but that means that they are hurting in getting rid of that brand also. Black Friday is around the corner. Christmas is around the corner. All of this will give it good support. 2.9% dividends, good ROE, 44 years of giving dividends, higher value of the dollar, meaning cheaper imports, will ultimately help these guys.......BUT, it will be a 1 year hold for me at a minimum or longer. What are you views?
VFC Hits Target VFC is now $64.01 and has entered the target price zone.If you took this trade our system indicates you should consider taking profits in this price area. Review the trade on the HPS section of DayTradingRadio.com for the details of this trade setup. You should, as always, perform due diligence before taking any trades.
VFC breakout on higher volumeWhile other stocks have rallied this year, VFC has been in consolidation. Although this has lasted several months, the actual price range was fairly tight, sticking around the $60 mark. After breaking out in September price retested the top of the consolidation zone before continuing it's upward trend.
Yesterdays bar confirmed a bullish flag and price is now trading a clear distance above the recent September pivot high. This stock has trended well in the past so there could be an opportunity here to get in at the early stages of a possible new wave up.
We Fit Your Life: Blending The Art And Science Of Apparel #MBFW There might very well be a right shoulder formation as it descends into the 200EMA. Although the market cap of $VFC is the top of the range, the volume can be scary. Sincerely, Beauty (( V.F. Corporation designs and manufactures, or sources from independent contractors various apparel and footwear products primarily in the United States and Europe. The company offers outdoor adventure-oriented, skateboard-inspired, surf-inspired, and outdoor gear footwear and apparel products; and handbags, backpacks, accessories, merino wool socks, luggage, packs, travel accessories, and women's active wear under The North Face, Timberland, Vans, Kipling, Napapijri, Reef, Eastpak, JanSport, SmartWool, lucy, and Eagle Creek brands. It also provides denim and casual bottoms, and tops under the Wrangler, Lee, Lee Casuals, Riders, Rustler, and Timber Creek by Wrangler brands, as well as fashion denim and sportswear under the Rock & Republic brand. In addition, the company offers occupational, protective occupational, athletic, licensed athletic, and licensed apparel products under the Red Kap, Bulwark, Horace Small, Majestic, MLB, NFL, and Harley-Davidson brands; and fashion sportswear, denim bottoms, sleepwear, and underwear, as well as handbags, luggage, backpacks, and accessories under the Nautica and Kipling brands. Further, it provides premium denim and casual bottoms, sportswear, and accessories, as well as premium women's sportswear under the 7 For All Mankind, Splendid, and Ella Moss brands. The company sells its products to specialty stores, department stores, national chains, and mass merchants, as well as sells through company operated stores and e-commerce sites. V.F. Corporation was founded in 1899 and is headquartered in Greensboro, North Carolina. courtesy finfix ))
