2waytrading

Head and Shoulders' Top

Short
BATS:PVH   PVH Corp
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We recommended to short right after it peaked at and around $124 in January but price pulled backed moderately and continued upside and printed all time high at $125.45 patient traders added more last higher highs after higher low. Now, the price formed what looks a classic head and shoulders top which is bearish pattern with high reliability. If you are not in this trade, and planning to add a new short position, make your stop loss at recent swing high at $110.67 with target price $98 area. Join us http://www.woowtrading.net