Phillips-Van Heusen (NYSE:PVH) crossed under its 10-day moving average of $109.55 on a volume of 426K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Phillips-Van Heusen Corporation designs, sources, manufactures, and markets men's, women's, and children's apparel and footwear. The Company markets its products at a wholesale level through department store chains and directly to consumers through retail stores.
In the past 52 weeks, shares of Phillips-Van Heusen have traded between a low of $93.80 and a high of $133.89 and are now at $109.45, which is 17% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
Phillips-Van Heusen has overhead space with shares priced $109.45, or 10.6% below the average consensus analyst price target of $122.47. Phillips-Van Heusen shares should encounter resistance at the 200-day moving average (MA) of $115.04 and support at the 50-day MA of $105.78.