Trendy Retailer Issues Buy Signal

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V.F. Corp. (NYSE:VFC) — This global apparel company designs and manufactures a variety of apparel and footwear for all ages. It is transforming the denim and daypack area with lifestyle apparel brands, according to Standard & Poor’s.

Along with new store growth in Asia, its Vans and North Face brands are viewed as growth drivers. And on Sept. 23, Bank of America Merrill Lynch upgraded VFC to a “buy” citing momentum in the retailer’s higher-margin segments led by these brands. Its acquisition of Timberland was also cited as a growth producer.

Technically VFC is in a powerful bull channel. Note the recent stochastic buy. The target for VFC is $145.

Trade of the Day - V.F. Corp. (NYSE:VFC)Trade of the Day Chart Key

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