$VFC - VF Corporation - Long Long

V.F. CorporationNYSE

Description

⋅ Oct 23, 2017 7:44 PM

Thesis:
Long VFC

The name has been trending higher across time frames and recently gapped higher on heavy volume and is heading towards all time highs.

Confirmations:
1. Higher highs on Day chart
2. Higher high on Week chart
3. Above 8 Day EMA
4. Above 21 Day EMA
5. Above 8 Week EMA

Contradictions:
1. The price is currently below resistance so this may be an obstacle to price moving higher and breaking out above all time highs.

Trade:
Long VFC

Related Trade:
None

Disclaimer: All charts are for informational purposes only and should not be considered recommendations to perform actions related to securities.

Comment

⋅ Oct 23, 2017 7:57 PM

This name owns brands such as North Face, Jansport, Riders Jeans, Timberland Boots.