TMCnet News
Upgrade Alert for VF Corp (VFC)May 23, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- VF Corp (NYSE:VFC) was upgraded from Neutral to Buy at Janney Montgomery today. The stock closed yesterday at $139.51 on volume of 1.3 million shares, above average daily volume of 807,000. In the past 52 weeks, shares of VF Corp have traded between a low of $91.60 and a high of $156.15 and closed yesterday at $139.51, which is 52% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.4%. VF Corp has overhead space with shares priced $139.51, or 16.9% below the average consensus analyst price target of $167.86. The stock should find resistance at its 50-day moving average (MA) of $146.86, as well as support at its 200-day MA of $134.44. 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 Corp's products are marketed to consumers shopping in specialty stores, upscale and traditional department stores, national chains and mass merchants. SmarTrend is tracking the current trend status for VF Corp and will alert subscribers who have VFC in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |