V.F. Corporation : We anticipate a reversal
Entry price | Target | Stop-loss | Potential |
---|
$148.65 |
$0 |
$146.9 |
-100% |
---|
V.F Corporation, an American apparel corporation, could regain its upward trend after having run out of steam.
From a fundamental viewpoint, the security has many qualities. According to Thomson Reuters, the net margin is expected to rise at 11% by 2014.
The security is in an uptrend in the medium and long term, but the last bearish movement returns close to a major support level. This threshold, if preserved, will enable to enjoy the bullish movement.
The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy V.F Corporation. The objectives will be set at USD 162.1 and by extension USD 168.9. The stop loss will be triggered below the USD 148.5 support.
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