VFC Daily Chart ~ Picking Up Steam on the Downside
Post# of 2559
Posted On: 01/19/2014 3:29:28 PM
VFC Daily Chart ~ Picking Up Steam on the Downside the Last Few Days
I received a request for a read on VFC. I've seen many on the financial shows who really like this company. Probably a great company, but since I don't know much about them, I can only look at the chart for an idea as to what might happen next. The indicators went to the negative in early January. Since then, the stock has lost almost 9% from the high of 63.45. Currently, the stock is trying to hold the support of the MA50. Should it break that, I would be looking at the previous highs and lows for the next line of possible support. There is a gap in October at the 51.00 to 51.50 level which would also serve as a target if the MA100 fails to hold, should the 50 be broken. The FullSto has already reached oversold levels while the MACDs have a ways to go. I would be watching this one for the bleeding to stop first before entering, but that's just my take. GLTA
I received a request for a read on VFC. I've seen many on the financial shows who really like this company. Probably a great company, but since I don't know much about them, I can only look at the chart for an idea as to what might happen next. The indicators went to the negative in early January. Since then, the stock has lost almost 9% from the high of 63.45. Currently, the stock is trying to hold the support of the MA50. Should it break that, I would be looking at the previous highs and lows for the next line of possible support. There is a gap in October at the 51.00 to 51.50 level which would also serve as a target if the MA100 fails to hold, should the 50 be broken. The FullSto has already reached oversold levels while the MACDs have a ways to go. I would be watching this one for the bleeding to stop first before entering, but that's just my take. GLTA
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