• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing
  3. / Stocks

A Look at PVH Before Its Earnings Walk the Runway

Let's check the charts and indicators of the apparel maker as it gets set to report its latest results.
By BRUCE KAMICH
Jun 01, 2022 | 08:57 AM EDT
Stocks quotes in this article: PVH

In our last review of apparel maker PVH Corp. (PVH) on March 24 we wrote that "PVH has made an important top formation and has turned lower. Prices could bounce a bit and may improve with the broader market, but further declines look possible in the weeks and months ahead. I would avoid the long side of PVH."

With PVH scheduled to announce its latest quarterly results after the close of trading Wednesday another look at the charts is in order. 

In the daily bar chart PVH, below, we can see that the shares were cut in half from November. PVH has been trading below the declining 50-day moving average line and we could soon see a test of that line soon. The 200-day moving average line has a negative slope.

The daily On-Balance-Volume (OBV) line has been in a decline the past 12 months but in May the line is starting to improve. The Moving Average Convergence Divergence (MACD) has turned upward to a new cover shorts buy signal. An outright buy signal (crossing the zero line from below) may not be far off. 

 
 
In the weekly Japanese candlestick chart of PVH, below, we can see a number of lower shadows in May telling us that traders are rejecting the lows. The 40-week moving average line has a negative slope.
 
The weekly OBV line shows a decline to early May followed by some improvement. The MACD oscillator has narrowed in recent weeks and could soon cross upwards to a cover shorts buy signal. 
 
 
In this daily Point and Figure chart of PVH, below, we can see a potential upside price target in the $93 area. 
 
 
In this weekly Point and Figure chart of PVH, below, we can see that the shares reached a downside price target in the $67 area. 
 
 
Bottom-line strategy: I have no special knowledge of what PVH will tell shareholders Tuesday nigh but the charts look poised for a recovery. Aggressive traders could probe the long side of PVH ahead of earnings. Risk to $60. A recovery rally to the $93-$100 area is possible in the weeks ahead.
 
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are prohibited from trading individual securities.

TAGS: Investing | Stocks | Technical Analysis | Apparel | Consumer Discretionary | Earnings Preview

More from Stocks

Royal Investing: 3 High Yield Dividend Aristocrats

Bob Ciura
Aug 13, 2022 7:00 AM EDT

Here are the three highest yielding Dividend Aristocrats available right now.

Market Whips Up a Melt-up

James "Rev Shark" DePorre
Aug 12, 2022 4:21 PM EDT

This action is primarily caused by poor positioning, rather than a sudden improvement in fundamentals.

How Charged Up Is FuelCell?

Mark Sebastian
Aug 12, 2022 3:26 PM EDT

I see some energy here, at least for a trade.

Delisting of Chinese ADRs Is Part of the New Cold War

Jim Collins
Aug 12, 2022 2:00 PM EDT

The process of dealing with a delisted stock is painful for individual investors and impossible for many institutional investors.

Inflation May Be Slowing, but That Doesn't Mean the Fed Is

Maleeha Bengali
Aug 12, 2022 1:00 PM EDT

Investors are cheering the slowing pace of inflation's increase, but prices are still way up, which means the Fed is going to continue to take liquidity out of the system.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 09:40 PM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    To Improve Your Trading and Investing, Spend More ...
  • 08:44 AM EDT PETER TCHIR

    CPI Beats Expectations, But Maybe Not the 'Whisper'?

    Slightly better-than-expected inflation across the...
  • 01:44 PM EDT STEPHEN GUILFOYLE

    This Holding Lights Up With Strong Earnings

    Check out the latest from TheStreet's Stocks Under...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login