V.F. Corp. (VFC): ABOVE $86, with a $92.75 first target, a $103 second target, and a $78.50 stop loss. Confirmation Volume Area= 1.65M, Risk Rating= 3, Industry= Apparel Manufacturing
VFC TRADING TIP: Watch this VOLATILE formation as it sets up for another stage higher, while the market posts gains. Any further accumulation may break this stock higher, helping it take a run into ‘uncharted territory’. When reviewing new trading ideas for purchase, pay the price that coincides with your desired exit strategy; being patient by waiting for desired prices may drastically reduce trade risk. NOTE: the use of the “Confirmation Day” concept drastically reduces trade risk.
V.F. Corp. (VFC) rose $1.14, to $84.84 on good volume on Friday. VFC engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. VFC operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other. It offers outdoor apparel, youth culture/action sports-inspired footwear, footwear and equipment, handbags, luggage, backpacks, totes, accessories, backpacks, surfing-inspired footwear, merino wool socks, and travel accessories under The North Face, Vans, Timberland, Kipling, Napapijri, JanSport, Reef, Smartwool, Eastpak, and Eagle Creek brands. VFC also provides denim, casual apparel, footwear, and accessories under the Wrangler, Lee, Riders by Lee, Rustler, and Rock & Republic brands. In addition, it offers occupational, protective occupational, work and work-inspired lifestyle, and outdoor work and hunt apparel, as well as protective work and lifestyle footwear under the Red Kap, Bulwark, Horace Small, Dickies, Workrite, Kodiak, Terra, and Walls brands. VFC sells its products primarily to specialty stores, department stores, national chains, and mass merchants, as well as sells through direct-to-consumer operations, concession retail stores, and e-commerce sites. VFC also offers an attractive 2.2% dividend yield.