{"id":35261,"date":"2023-07-13T16:05:34","date_gmt":"2023-07-13T20:05:34","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/clothing-giant-faces-off-with-2-key-trendlines\/"},"modified":"2023-07-13T16:05:36","modified_gmt":"2023-07-13T20:05:36","slug":"clothing-giant-faces-off-with-2-key-trendlines","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=35261","title":{"rendered":"Clothing Giant Faces Off With 2 Key Trendlines"},"content":{"rendered":"<div>\n<p>Shares of VF Corp (VFC) have struggled on the charts, but from a technical point of view, there seems to be two clear culprits of its recent bout of bad luck. A surefire contributor to the equity\u2019s 28% year-to-date deficit, the $20 mark moved in as a ceiling in mid-May. In fact, this level of resistance once acted as support for the security. The stock is also facing off with a historically bearish trendline, suggesting now may be the ideal time to buy more puts on VFC.<\/p>\n<p>VF Corp stock is running into its 50-day moving average. Per Schaeffer&#8217;s Senior Quantitative Analyst Rocky White&#8217;s last study, the stock saw seven similar signals in the past three years. One month later the stock was lower 57% of the time, averaging a 2.8% loss. Last seen trading flat at $19.59, a move of similar magnitude would send VFC back toward its early June lows.<\/p>\n<p>There is still some room for downgrades, which would generate additional headwinds for the shares. Heading into today, nine of the 23 covering brokerage firms sport a \u201cbuy\u201d or better recommendation.<\/p>\n<p>Options look relatively cheap, too, per the equity\u2019s Schaeffer&#8217;s Volatility Index (SVI). VF Corp stock&#8217;s SVI of 46% sits in the low 33rd percentile of its 12-month range. In other words, options traders are pricing in low volatility expectations right now.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/greatspeculations\/2023\/07\/13\/clothing-giant-faces-off-with-2-key-trendlines\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of VF Corp (VFC) have struggled on the charts, but from a technical point of view, there seems to be two clear culprits of its recent bout of bad luck. A surefire contributor to the equity\u2019s 28% year-to-date deficit, the $20 mark moved in as a ceiling in mid-May. In fact, this level of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-35261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Clothing Giant Faces Off With 2 Key Trendlines | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of VF Corp (VFC) have struggled on the charts, but from a technical point of view, there seems to be two clear culprits of its recent bout of bad\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=35261\" \/>\n<meta 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