AnneTrader
Long

VFC breakout on higher volume

NYSE:VFC   V F CORP
While 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.

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