VFC trade ideas
Going Long on VFC due to the Fundamentals, Sell-off & SupportGreat support during the last sell-off. This happened due to soft earnings expectations, and outlook. Brands are good, and if Trump can get some more employment going, these brands will be good sellers for the low and middle class America. Low and Middle Class has grown, with Value Buyers all around. Yesterday these jeans were selling in one store for $10.00 (Wrangler). That is a damn good price, but that means that they are hurting in getting rid of that brand also. Black Friday is around the corner. Christmas is around the corner. All of this will give it good support. 2.9% dividends, good ROE, 44 years of giving dividends, higher value of the dollar, meaning cheaper imports, will ultimately help these guys.......BUT, it will be a 1 year hold for me at a minimum or longer. What are you views?
VFC Hits Target VFC is now $64.01 and has entered the target price zone.If you took this trade our system indicates you should consider taking profits in this price area. Review the trade on the HPS section of DayTradingRadio.com for the details of this trade setup. You should, as always, perform due diligence before taking any trades.
VFC breakout on higher volumeWhile 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.
