V.F. Corp. (VFC) is still pointed higher and the charts and indicators support further gains in the weeks ahead. We looked at the charts back in June, and wrote that,"VFC is breaking out to a new high and longs can add to positions here and new buyers can enter too. Risk below $78 now while looking for gains to the $100 area in the weeks and months ahead."
VFC is much closer to our $100 area price target so let's look at the charts again.
In this updated daily bar chart of VFC, below, we can see a shallow pullback and then a fresh surge to new highs. VFC is above the rising 50-day moving average line as well as the bullish 200-day line.
The daily On-Balance-Volume (OBV) line has been rising the past year and confirms the price gains with it's sign of aggressive buying.
The trend-following Moving Average Convergence Divergence (MACD) oscillator is bullish and pointed higher.
In this weekly bar chart of VFC, below, we still have a bullish set-up with the chart and indicators. Prices are above the rising 40-week moving average line.
The weekly OBV line is bullish and rising from early 2017, and the weekly MACD oscillator just turned up to a fresh go long signal.
In this long-term Point and Figure chart of VFC, below, we can see a potential long-term price target of $137 being projected.
Bottom line: VFC is in an uptrend and likely to trend higher. Raise sell stops to $86 and look for $100 and then $137 as price targets.